It’s very rare that people have a job for life, so it’s no surprise that people forget about the different pensions they have accumulated over the years. With life expectancy increasing and the need to provide an income for many years in retirement, it’s wise to give your accumulated pensions some CPR!
Cost – what are the costs and charges you are incurring from your pensions and how competitive are they?
Performance – how have your pensions performed and are you on track to build a pot big enough to support your retirement years?
Risk – are you taking too little or too much investment risk with your savings?
Keeping track of our pension funds as we flit from job to job is a challenging task, and a fresh survey has found that 1.3m Londoners are missing out on pension pots. We know, pensions aren’t exactly the most exciting thing, and you’re a busy person. But that negligence could be costing you dearly - along with over one million other Londoners. In total, over one in five, or some 21 per cent, have lost track of pension pots, according to the survey done by accountancy firm Perrys, meaning they’re missing out on funds that might get lost in job changes.