Has your pension lost 25%?

A recent report showed that £3.7 million of Defined Contribution pensions has lost 25% of its value due to the turmoil in the financial world.

The total value went from £550 billion in September 2007 to £410 billion in January 2009.

How does this effect you. Well you are relatively safe if you aren’t due to retire soon. However if you were 60 years old paying 10% into a salary of £25k and you retired now, you’d receive £10,900. If you retired in January 2009 you would have got £17,100! So it appears retirement isn’t a good opportunity time!

The last year has seen Defined Contribution pensions being kicked hard by the drops in equity markets. The damage to your fund, due to dips in the market, can be reduced by having a pension review and taking action.

It is estimated that an individual can lose up to a third of the value by not being involved in the investment decisions. Many people have a misperception of how their pension will perform and avoid reviewing it or taking an active role.

QROPS Adviser understand the benefit of regular pension reviews. We offer a completely Free Pension Review for everyone. This will allow you to see precisely if a Qrops transfer will benefit you and will also give you an up to date insight on how your current UK pension is performing.

To find out more please fill out the contact form here.