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    Avoid the worst pension funds.

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    papa_umau
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    Avoid the worst pension funds.

    Post by papa_umau on Wed 05 Mar 2014, 10:55 am

    Many people do not know that a lot of the companies that offer "good investments" for pension purposes are not only very poor "performers" but in many cases a very large chunk of your final pension pot will be lost in fees, commissions and wastefulness.

    Do you know how well your pensions are performing?

    If you don’t, you’re not alone. There are vast numbers of people in the UK who, for many reasons, don’t take an active interest in their pensions and, unbeknown to them, are unnecessarily suffering from the triple tyranny of opaque charging structures, mediocre to downright abysmal investment performance and lack of control over their pension plans.

    NAMING AND SHAMING THE WORST PENSION FUNDS

    With the world of pensions shrouded in mystery and wrapped up in overcomplicated technical jargon, many of us end up paying little attention to our pensions.

    In the past, this didn’t really matter because people were paid a proportion of their final salary on retirement so, unless their employer went bust, they knew how much they had to live on in retirement. But times have changed and only the lucky few are still in line to receive a gold-plated final salary pension. Instead, responsibility for income in later life now rests firmly on our shoulders.

    These days, the money you’ll have in retirement is down to the amount you’ve paid into your pensions, the impact of inflation and interest rates and the performance of your pension investments.

    Find out about what you should avoid from BestInvest HERE

    You can also acquire some free advice about the underperforming "dogs" out there by making application on the BestInvest "Spot The Dog" guide form HERE

    Come on folks, you know it makes sense to know that your savings are not being lost or misappropriated by these particular "dog" companies.


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    Papa......


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    zathrus
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    Re: Avoid the worst pension funds.

    Post by zathrus on Thu 06 Mar 2014, 11:35 am

    Never heard that term before, but I am sure that the "dog-funds" do exist.

    I guess that this is one of those times when the fools and their money are easily parted.
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    papa_umau
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    Re: Avoid the worst pension funds.

    Post by papa_umau on Fri 07 Mar 2014, 12:56 pm

    I do understand that this applies mostly to the people who can afford to save enough money in pension funds in order to bolster the money that they have to live on after retirement.

    Having said that I still feel that if a lot of people are struggling to get by and are also trying to enhance the amount they might get from the state by buying top-up schemes or by taking out extra and private pensions, then the money that they struggle to put by for a rainy day SHOULD be protected against the greedy and often bent dog-funds that are out there.

    As it seems our government are not going to do anything about this we have to be forewarned and forearmed about the possibilities of being taken for a ride by these so-called "experts" in the investment broker field.


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    Re: Avoid the worst pension funds.

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