02/05/2022
A pension is something we will all come to rely on as we retire. How good that pension is, is entirely up to you.
The government provides everyone with a basic pension but the value of that is subject to external pressures such as inflation. Private pensions are also subject to this pressure, however, the key difference is you can control other elements.
Your private pensions are made up of investments, small shares in different companies. The private pension you got when you started your first job may have been invested in companies that have gone on to do very well, but equally, some may have failed. That’s why it is essential to know where your money is invested AND know that YOU have to power to control it.
You can move your pensions around to suit what you believe will work for you, to back the kind of companies that match your value or those you believe will perform well.
A chat with a qualified financial advisor will help you with this, and also be able to show you ways to accumulate different assets that could be useful in later life.
Map Link can set you up with a qualified pension advisor and get you started on your path to a better retirement.
