What is the best personal pension fund?

I’m looking to set up a new pension for myself and wanted to know which private pension fund is the best? Will any particular pension provider offer me a better deal?

Question asked by Victor Masseti
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I know how much my pension is worth
I know how much my pension costs
I have clear financial goals for my retirement

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.

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This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
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