Keeping on top of your pension

At Enable in Bishop’s Stortford our IFA’s know it is not uncommon to collect a number of work and personal pensions during adult life and keeping on top of pension investments isn’t always straightforward. According to research by charity Age UK, one in four people have actually lost track of a pension altogether.  Most of us have the right to move our pensions,  and having them all in one place makes them easier to manage .It isn’t particularly difficult to move your pensions and once they are in one place it will be much easier to establish how well your investments are working for you. This means you will have a much greater chance of achieving the lifestyle you want in retirement.

 The benefits of having your pension in one place are that you can see at a glance the overall size of your pension.  It will be much easier to work out if you have a good mix of high-quality investments and whether they are performing well. You can switch out of poor investments and make the most of those that are performing well. You’ll cut back on the paperwork you need to deal with and you are likely to reduce costs, which mean more of your money will be going towards your future rather than evaporating in fees.

Many people are inclined to leave their pensions where they are because they don’t want to take responsibility for managing their own pension investments so it is important to point out that you don’t have to make all your own investment decisions, with the support of an Independent Financial Advisor it might not be as challenging a s it seems.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE