If you don’t keep track of your pension performance then no one else will, unless of course you have the good sense to deal with an independent financial advisor. Reviewing your pension with regularity is a fundamental tenet of good financial management regardless of the pension scheme you are currently with. With the average life expectancy constantly on the rise, it seems incredible to believe that an increasing number of people have no idea where their money is being invested.
More Life, Less Cash
On the surface, a longer life seems fantastic unless your pension performance is so poor that you don’t have the money to survive that long. Do you really wish to spend your twilight years in squalor because you failed to closely analyse your pension performance during your relative youth? It is estimated that 17% of the current UK population will live to be 100. This means you need to start paying closer attention to your pension now, before it’s too late.
A shocking number of Britons cannot answer basic questions about their pension such as the name of the funds, let alone give replies relating to pension performance. Pensions constantly under-perform due to neglect, with savers failing to understand the risks involved in their pension plan. Thousands of pension plans are also suffering from excessive fees without the account holder even realising. All pension holders must learn more about their pensions including knowledge of how to avoid fees and charges.
It’s your money and no one else is responsible for it but you. Take matters into your own hands and ensure strong pension performance from now on. The area of pensions is a complicated one which means an independent financial advisor should be engaged to help you keep closer tabs on your cash. Fill in the form today in order to speak with an advisor, on the phone or face to face.