Secure your future with a regular pension review
Your pension is arguably the most important investment of your life. The consequences of your pensions decisions will (hopefully) be with you, long after your mortgage is but a cherished memory. This is what makes a regular pension review so important. While we are reminded of changes in our mortgage interest rates each time we look in the newspaper, our pension sits quietly in the corner of our mind, and may be neglected by comparison.
However, pensions are investments and as such are subject to market changes, and pension advice and regular pension reviews are needed to keep all our investments ‘on track’. Wherever funds and stock markets are concerned, it really is a case of ‘if you snooze, you lose.’
Get your pension saving back on track with a pension review today! Contact us for pension advice or ring freephone 0800 678 5929 now
It is a worrying fact that 32% of pension savers admit they do not know how their pension is invested, according to Standard Life. Furthermore, 10% of pensions savers have indicated that they have never had a pensions review since the day they set their pension up.
Some of us may have that vague feeling of ‘pensions indifference’, and simply not get around to arranging a pension review, feeling perhaps that our pension is something of a ‘boring’ concern – but our pension will deliver the money that will largely dictate our income and lifestyle during the last 20 years of our life … and money, as we know, is never boring.
Review your pension to align your funds investments
The main reason for a regular pensions review is the possible need to tweak or alter the funds investments underlying your pension.
Only a third of actively managed investment funds perform well in any given year, which underlines the need to review pensions on a regular basis. At least an annual pension review is essential, to keep your retirement planning on course. Otherwise, while your investment might not be in the doldrums, it could well do a lot better after a pensions review, which means that in real terms, you could be losing money.
In fact, the mediocre fortunes of the stock markets in recent years has seriously affected the performance levels of may UK investment funds, with 90 funds now indentified as serious underperformers. Some of these are among the largest funds on the market. When we review pensions for our clients, we can switch them to better-performing funds and make sure their pension savings are working hard for them, year after year.
Is it time you had a pension review? Contact us for pension advice or ring freephone 0800 678 5929 now
