One of the main factors to take into consideration when looking at your pension performance
is the effect of high charges
Older pension policies - those taken out in the 80's and 90's - often carry very uncompetitive charging structures.
Even though you may not be paying into them any more, it is
likely that the high charges are still being applied.
What does this mean?
As an example, if you have a pension pot of £50,000 (which, you
may be surprised, isn't unusual) and the combination of investment advice and annual management charges total 3% per annum, you would be paying £1,500
EVERY YEAR out of YOUR savings!
Is there anything I can do?
There are now many new efficient pension structures where you could be paying as little as
a year on the same £50,000 pension pot.
Just for a minute, compare that with how you look at your car insurance. If you could save £100 of your car insurance premium of £500, would
you think about switching insurers? Probably!
Check with your adviser how much you could save by combining them all into one simple low cost policy.
It is so simple, call us or complete our Review form.
Click here to start the process »