The Underperforming Pension Trap

There are three reasons why your pension is not working as hard as it could:

1. Many pension advisors do not review their clients’ pension plans on a regular basis.
   Once a pension plan has been sold, many pension advisors – who usually only get commission for the initial sale of the plan – move on to other new prospects, focusing less on their existing clients.
2. Most people have not had their risk profile thoroughly assessed.
   This means you might be taking unintended investment risk, or not maximising the gains available. Most of your pension’s performance is determined by where assets in the portfolio are allocated – so it’s important to review this on a regular basis, moving assets with the markets so that your plan does not stagnate.
3. Many people are not getting value for money.
   It’s likely you’re paying higher charges than necessary for the administration and management of your pension plan – yet receiving poor service in return. However, most of the time you’re resigned to these charges as a ‘fact of life’, or you’re too busy to look into alternatives. That’s why a review could help cherry pick the best options for you – maximising your money instead of wasting it.
   

So act now if you want to make the most of your pension. Call us on 0141 331 0660 or email ppr@wardegraham.co.uk to arrange an appointment.