nEWS AND INSIGHTS

Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing.

Do you know how all of your pension pots are performing?

Many people change their employer several times in their career which means that they have started multiple pension plans with various providers. This means that many people have lost track of their existing pensions and are unsure how much they have saved for retirement and do not know if they are on track to meet their retirement goals.

At Four Wealth Management, we can work with you to track down all of your existing pension pots, review them to see how they are performing and whether they are still meeting your objectives and then explain the options available to you.

Contact us to book a no-obligation review of your existing pensions

Do you know where your pensions are?

Once you leave a job it is your responsibility to keep your pension savings together in one place and to understand the  underlying investments and what fees you are paying. Workplace pensions are typically invested in default funds which may not be in line with your goals and attitude to risk.

Your funds should be specific for your investment time frame, attitude to risk and individual goals. A financial adviser at Four Wealth Management can help recommend investments tailored to you.

You are also unlikely to be aware of what fees are you paying. Having pensions spread out with various providers could mean that charges have a larger impact which can reduce the growth potential of your pension.

At Four Wealth Management, we will review your existing pensions and let you know what options are available to you and what the best one would be depending on what your goals are.

You may find that your previous pension pot is no longer doing what you would like it to or you may want more investment options that are in line with your goals.

Contact us to book a no-obligation review of your existing pensions

How to track down your missing workplace pensions

In 2018, the Department for Work & Pensions estimates that the average person works for 11 different employers in their lifetime so it is common that workers lose track of their workplace pensions.

The Pension Tracing Service is run by the government. They estimate that £5 billion has been lost by people who have lost track of their pensions. They offer an online tracing service to locate lost workplace pensions.

Review your existing pensions

A good first step to review your existing workplace pensions and see if they are on track to help you meet your retirement goals is to book a no-obligation pension review meeting with one of our financial advisers.

The meeting can be by zoom or telephone and will last no longer than an hour.

Book a no-obligation review of your existing pensions

 

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.

Enquire Now

If you have any queries or would like to arrange a face to face meeting with an adviser for a no obligation review of your personal finances, simply book a call back using the form below. Alternatively, you can call us on 0117 973 0500.

The Partner together with St. James's Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Partner's Privacy Policy or the St. James's Place Privacy Policy.

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Do you know how all of your pension pots are performing?
2021-03-10T15:50:48+00:00
FourWealth Management