Where should I invest my Pensions?
You spend most of you adult life working and most of us pay into a pension fund to prepare ourselves financially for retirement. Naturally you want to ensure that your pension is invested where you capital is generating the best return on investment, setting you up for a prosperous retirement, but where do you start?
If you have a personal or stakeholder pension or money in a workplace defined contribution scheme, you will normally have to decide where your pension money is invested.
Pension providers often try to make your decision as simple as possible.
They usually offer a range of funds, so you can choose from several broad investment strategies that are suitable for most people.
If you do not make an active choice yourself, the pension provider will invest your pension in a ‘default’ fund that’s designed to suit as broad a range of people as possible.
However, the funds offered by pension providers could be limited and there may be a fund offered to you that sounds great, but it may not be the best option out there.
This is where a financial adviser can help find the best choice for you, if you speak to an independent financial adviser, they have access to the whole of the market and can find you a fund that suits you needs and meets your objectives, which will maximise your chances of prosperity in retirement.
A good financial adviser will consider your portfolio, your attitude to risk and your objectives. Considering all of these factors, they will be able to work with you to create a sound financial a strategy to achieve you goals for retirement. About My Pension can help connect you with a local independent financial adviser who can offer you pension advice and help you make decisions for your pension. Talk to us today to find out more.