Your pension could do better!
More than 7 out of 10 of all Investors admit to looking at their pension statement with disappointment yet fail to do anything about it.
Instead they hope for an improvement the following year, only to have the same thoughts and lack of action 12 months later.
We regularly speak to Investors who have transferred their pensions to the large providers only to find that once they have their money, they do little with it. Money is often placed in a couple of funds and left there for the duration, unless you personally request a change. So those yearly management fees these companies take, what are they paying for exactly?
We also hear that Brexit is a reason for poor performance on your pension. This is strange in so far that companies that we work with have consistently delivered for their clients, in the face of Brexit. How have they done this? Simply by being proactive and actually managing your pension, making sure your money is the held in the most consistent performing funds available.
This is not rocket science, it is good ol’ fashioned service. Something that very few Investors we speak to are actually getting from their provider.
With new pension freedoms, it can often feel quite daunting when considering what to do and who to trust. If you have been approached to release money from your pension, perhaps to pay for an investment, stop, slow down, and discuss it with a professional.
Not only might you be opening yourself up to a huge tax bill, you might be sending your money into a black hole.
If you have any issue with your pension, its performance or value, or with companies encouraging you to release money from your pension, please do not hesitate to contact us using the form below.
Help is just a click away.