Pensions across the
board have been under enormous pressure and the aspect continues
to be bleak. It is for this reason that, more than ever before,
savers must be prepared to do their homework and to compare
pension performance between the available providers to minimise
the impact of the current difficulties.
Too often savers
will invest in their own company scheme’s default fund.
This is in spite of the fact that company schemes of this kind
tend towards being overcautious and for that reason are liable
to underperform. Such a cautious approach may suit older investors
who have to a large extent already built their retirement portfolio
and are looking to top it up without undue risk, for younger
investors a riskier but potentially more profitable strategy
is likely to have more appeal.
sites that enable one to compare pension performance will enable
investors to test their default funds alongside others from
outside their own company’s orbit, thereby finding the
best option. Some schemes indeed recognise the need for caution
as retirement age approaches alongside the desire to maximise
potential in earlier life by including an element of both, which
switches automatically from one model to the other later in
A good pension
comparison site will have a handle on the extent to which each
traditional provider has been affected by the economic downturn
and will be able to identify those who are surviving the crisis
the best and who offer the best prospects to potential investors.
Compare pension plan performance online and get free pension
plan quotes from the above companies and websites.