A Salutary Tale About Your Former Workplace Pension
Matthew Tumbridge
How much do you need, by when... from what investments is that possible? Providing Independent Financial Advice, when you have made a change in life (like a new job) or want to plan for one (like starting a business).
When you change job, you leave that workplace pension ‘on the shelf,’ and join the next one.
Over a 20 year career, you can end up with several pensions ‘on the shelf.’
The problem with things on the shelf is, they get dusty, or even forgotten.
This graph shows the performance of some pensions from six of the major UK brands over 5 years:
And the red lines shows what they could have achieved if it were invested in different asset classes*:
If you want to get one of your biggest financial assets working for you, don’t leave it on the shelf. Drop me a line.
*Risk warning: The performance of your investments is subject to risk(s). The figures refer to the past and the past performance is not a reliable indicator of future results. Performance may fluctuate based on movements in the market and economic condition(s). Capital at risk. Currency movements may also affect the value of investments. You may get back less than you originally invested. Tax treatment is based on individual's unique circumstances.