Did you know that 1 in 5 UK stock market investors never review their funds investments? (Prudential)
This is a shocking statistic, when you consider that a fund that is performing well right now might much lower down in the league next year. If you are still in that fund, then you are effectively losing money.
This is why at Principle First we continually emphasise to our clients the need for regular pension reviews, to ensure that they have the best performing pension funds possible. At Principle First, we review your pension funds at no cost, so you can rest assured your pension pot is working flat out, to get you the best income in retirement.
Get a free pension review today. Call us on 0800 678 5929 or complete a pension advice enquiry.
When saving for retirement, there are several important points that you should remember.
Review your pension on an annual basis.
Pensions need to be reviewed annually to ensure that your funds are in the most productive sectors for investment. As world investment markets change, so do the opportunities. Talk to Principle First and get our thinking on how to give your pension fund the best chance for growth. Make use of our expertise. We will advise where to invest your new or existing pension, and will regularly review your pension funds, at least annually.
Ensure the pension funds you invest in suit your risk profile.
Many clients that come to us do not know the risk level of the specific funds in which they invest. Whether you have an existing pension, or wish to commence saving for retirement, a good financial planning adviser will carry out a risk profile, and then ensure that the funds you choose are in keeping with your profile.
Funds are more important than the insurance company which sends you an annual statement.
Many people who come to us for advice believe that their pension is with an insurance company such as Aviva or Prudential. It is important to know that many insurance companies are just a collective ‘wrapper’ under which your investment funds are held. At Principle First we will analyse your investment funds, and give you an understanding and knowledge of how your existing, or indeed new pension funds are set up.
Click here now for Pensions advice or call 0800 678 5929
Sipps can be expensive
More and more opportunities are arising to invest in SIPP products. SIPPs attract the tax advantages of pensions, and are indeed a specific type of personal pension, but with more flexibility. However, SIPPs can sometimes be expensive, and the majority of clients do not make use of the flexibility, yet continue to pay higher charges. Your Principle First adviser can recommend you the most suitable pension to suit your needs.
Advice not Sales
At Principle First, our recommendations are based on what is best for you. When planning for retirement, or reviewing your pension to ensure that you are in the best-performing pension funds, we will tell you how much you will need in your pension, to ensure it provides at least 60% of your working income in retirement. All advice that we give is based on our set calculations.
Talk to Principle First today for advice on your pension. Incorporate pension planning into your financial plan. For pension advice complete the pension enquiry form below or call us on 0800 678 5929.
Click here now for Pensions Advice
