Specialist Pensions
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Trying to choose a pension so you will be financially secure when you retire?
If you want to guarantee that you will have enough money to maintain a comfortable standard of living after you retire then it is best to start saving as early as possible. Current predictions suggest a massive pensions shortfall in a few years, leaving pensioners to live on a budget of £75 a week or less. If you start saving early and invest in a good pension, then you will ensure that you will be comfortable in your retirement.
A “with profits” pension is considered a medium-risk investment because you are awarded a yearly bonus based on the performance of the funds and you will never lose any of your investment, but what you earn is still dependent on the market.
There are several types of ”unit linked” funds which are riskier than a “with profits” pension because their value depends entirely on the value of the investments.
”Personal pensions” and “group personal pensions” are growing in popularity, and a group personal pension is preferable if the employer also makes a contribution.
Use the recommended websites to compare pensions and to apply.
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