Secure your pension income – check your pension performance now
There are literally a thousand good reasons to check your pension performance at least once or twice a year.
You can add thousands of pounds to your eventual pensions income by seeking good pension advice, and checking pension performance, to ensure that your investments are working hard for you.
Why do I need to check pensions performance so regularly?
A pension is an investment, not a savings account. Your pension contributions are most likely invested in the stock markets, through a group of investment funds that provide the underlying investment of your pension pot.
And, as anyone who read a newspaper between 2005 and 2010 will know, stock markets investments ‘can fall as well as rise’, and there are many investors still smarting from their investment experiences over the last few years.
Last year’s top performing investment funds may not have such good fortunes this year. Some of the largest funds in the UK have underperformed their index on a regular basis in recent years. This has emphasised the need to check pensions performance at least twice a year, and re-evaluate the funds investments that are driving your pension performance. The error of ‘pensions indifference’ could damage your pension performance, and substantially reduce your monthly income when you retire.
Check your pension performance now! Contact us online with a pension advice enquiry
For example, if you had £20,000 invested in an underperforming fund, which has failed to match its benchmark index for the past 3 years, and the situation is allowed to continue because you fail to check your pension performance, then after 5 years your investment could be worth just £22,000, while growth in pace with the benchmark would have taken it to £25,000 (Source: Bestinvest). You have already missed out on £3,000 of potential savings, because you failed to check pensions performance.
The process for keeping tabs on your pension performance could not be simpler. We can run an expert check on your pension performance, to ensure that your money is hard at work for you.
