Pension payments

[commoner]

Hi...All or most people receiving The State Pension and other benefits (UK) have it paid into some bank or other....given today's financial climate, any one or more of those banks could go under. So does anyone know what, if anything is being done to ensure continuity of payment to our Senior Citizens, disabled, unemployed etc. Many of these exist only on this money and would be severely compromised should an event like this occur.

Any ideas folks?.....my guess is that our wonderful, caring Government probably haven't even thought about it. :-((

...Any ideas?....commoner.

[Ethel]

You are worrying unnessarily. If any UK bank were in such serious trouble that it was about to 'go under', either it would be bailed out with government money or taken over by another bank.

In both cases the accounts would operate as normal.

[Buenchico]

When you fill in claim form for unemployment benefit, you're encouraged to have it paid directly to a bank account. However, it's also compulsory to answer the question about your nearest post office. According to the staff in Jobcentre Plus, that information is required specifically to ensure that there will be a continuity of payments if, for any reason, the money can't be paid through the nominated bank account.

So it seems that, on some occasions, 'officialdom' is capable of thinking ahead.

Chris

[commoner]

Ok..Thanks guys.....maybe I'm becoming paranoid about a few things...must be my age. Senior moments a becoming Senior minutes of late.........

Thanks again...commoner.