Answered by Neil Adams
The best pension fund for you depends on your approach to risk and how long you have to go before you reach retirement.
Of course, maximising investment returns will be a top priority whatever your age or attitude to risk, as this will mean you end up with a larger pension.
Don’t just rely on past fund performance
However, don’t just look at past performance and select the star performer in the hope that this will continue to do well in future years, because it could be that the fund you’ve picked has had its day.
When saving for retirement, you should seek pension planning advice to ensure your portfolio matches your individual risk profile and your investment objectives.
For example, if you are in your 20s and 30s, you might be prepared to accept a higher level of risk in return for potentially higher rewards, while in your 50s, you might be thinking about moving more into less risky investments as you approach retirement.
Frequently Asked Pensions Advice Questions
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