We saw a news article this week on how advisers struggle to convince clients to do a pensions review. And we thought what a great idea for a Slideshare!
1. D O
Y O U
N E E D
A
P E N S I O N S
R E V I E W ?
2. You may not be able to access it yet.
...but it's still your money.
Here's SIX reasons why
you should review yours...
3. Got multiple pots?
The days of 'a job for life' are a-changing.
We're more likely now to switch careers and move
around than our parents were.
This means with auto-enrolment, there will likely be
several pension pots accrued in our working life.
So why have five pots making minimal interest when
you could combine them into one larger pot?
Makes sense...and easier to manage!
4. Are you self-employed
or a business owner?
You're either busy enough making sure you get paid
or making sure the day-to-day running is going
smoothly.
So if you've got a SIPP, check to make sure you've
got the best one for you & your lifestyle.
5. The earlier you are in your career, the more risk you can take on.
Because after all, if anything happens in the next five years, you have longer
to recover.
But if you're thinking about retiring, then you may want to switch from risky
equities to safer bonds & cash.
Risk?
6. Ecofriendly?
Climate change. COP22. Ethical investing.
If it matters to you, make sure your pension scheme matches your values.
Check yours to make sure that you're not investing in anything dodgy or
unethical, such as arms manufacturing or tobacco.
7. Fees?
Funny how pension scheme providers don't tell you
when their charges go up or are due to, isn't it?
Regularly checking in means you can see if you are
overpaying or if your funds are performing as they
should be.
8. Retirement plans changed?
"I'll be working until I reach retirement age."
Ever heard anyone say that?
But what happens if you have to stop working
for medical or personal reasons?
Have you saved enough for a comfortable
retirement or will you need to work a bit longer?
Or maybe you want to work part-time and take
out an annuity to fund a lifestyle change?
