Following the collapse of Flybe, Andrew Johnson, money expert at the Money and Pensions Service, said:
“This is a difficult time for thousands of travellers but there are also hundreds of Flybe workers who will be very worried about their pay, pensions and overall financial security as a result of this news. Staff should check what they’re entitled to from their employer, including redundancy and holiday pay, and may need to review their wider financial situation.
“For any questions about how to handle your mortgages, debts or other money worries visit the Money Advice Service.
“Your pension rights will depend on the scheme you’re in. If you’re unclear how you might be affected, call our pension specialists for free on 0800 138 7777 .”
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About the Money and Pensions Service
The Money and Pensions Service vision is everyone making the most of their money and pensions.
MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP), and has a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime. The organisation also engages with HM Treasury on policy matters relating to financial capability and debt advice.
MaPS brings together the free services previously delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise. MaPS offers customers guidance and appointments over the telephone, online and in person.
For further information stakeholders should visit the Money and Pensions Service website www.moneyandpensionsservice.org.uk
Consumers can continue to access free guidance about their money and pensions via the following websites and help lines: