Far too many people seem to have a somewhat casual approach to their pensions, often leaving things to the last minute before seeing whether they can improve their potential wealth when they come to the end of their working years. It’s a great shame when people do this, because they could be missing out on significant sums of money that could have added to their chances of enjoying a comfortable retirement.
Part of the problem is that many pension-holders fail to explore other possibilities, and will often leave things in place at least until they reach their late fifties or early sixties. This is all very well of course if you have an excellent pension that can’t be bettered by any other provider, but in most cases improvements can be made for both the short and long terms.
The truth is that it’s never too early to start researching whether your current pension is the right one for you. And the good news is that reliable, honest pension review advice can be easily obtained from the experienced team at DJC Wealth Management. Whether you’ve worked for the same company all your life, or you’ve had multiple jobs or you’re self-employed, the need for a review remains the same.
For people who are approaching their retirement years, it might be worth making changes in order to reduce any risks being taken. For example, if you have some of your pension funds invested in the stock market, it’s a good idea to assess the possibilities of investment values dropping. It goes without saying of course that all stocks and shares have a chance of reducing in value.
Most people have pension funds that are invested on their behalf, usually as a group investment along with other people’s money, and it may be that you are no longer in a position to take any chances. This is one of many good reasons for undertaking an in-depth pension review. There’s also the moral issue that needs to be taken into consideration at some point.
There has been a dramatic increase in the number of people who want their money to be used to help make the world a better place in recent times. If you have strong moral convictions about certain issues, you can of course ask for your money to be invested in strategies and initiatives that are in line with your ethical principles.
This can mean investing in causes such as greener energy, responsible farming, the betterment of community relations, increased health and safety, reducing pollution, supporting clean water projects and many more. Here at DJCWM, we’re always happy to encourage such investments and to provide more information about investing companies that support them.
Whether you’re just starting out on your working life or your retirement is just over the horizon, an effective pension review can be obtained from our specialists. Please get in touch soon via the online form on our Contact page or by calling 07449 632 927 in the coming days. The peace of mind you seek is ready and waiting to be achieved.
*The value of pensions can fall as well as rise, you may get back less than you invested.