Blue Monday…and why your pension can’t stand it

Why your pension can’t stand blue Monday

New Order’s bass player once said, “I go through intense stages of dislike for Blue Monday.” But do you know which Blue Monday he was talking about?

Of course you got it right…their massive 1983 hit!

Yet, given Peter Hook’s infamous no-nonsense approach, he could just as easily have been talking about the other Blue Monday.

It falls on the third Monday in January and is the most depressing day of the year, so we are told. A pretty bold claim bearing in mind this Blue Monday started life as a PR stunt.

A stunt based on a formula that makes some pretty sweeping generalisations about how we live our lives, including the state of our savings (or lack of) after the festive period. The assumption seems to be we lose control every Christmas!

Sock it to the man and stay in control

One of the many things this made-up day doesn’t take into account is a key part of your savings that you have probably already got sorted.

Your pension.

And, as you may already know, there is a simple, proven way to take even more control of your pension and make sure it is working as hard as it possibly can for you.

Something that could mean thousands of pounds more for you and your family when it’s time to say goodbye to the 9 to 5 (it could even mean saying goodbye to work earlier than planned!).

The fact is:

People who take financial advice accumulate, on average, over £27,000 more in their pension pot than those who don’t.

This is one of the key headlines from a July 2017 report issued by ILC-UK: The Value of Financial Advice. The national report was based on thousands of interviews and a wealth of empirical research. You can read the whole report here.

How to get straight talking advice…with no commitment

If the words ‘financial adviser’ get the alarm bells ringing, you are not alone. And often the industry does not help itself, with unnecessary jargon and an old-fashioned way of operating.

That’s why some modern financial advice companies have changed the way they do things.

To make it as easy as possible for people to make the best possible pension decisions for themselves and their families.

For example, at Portafina, we can check your pension for you free of charge, letting you know, in plain English:

  • How your current pension is doing
  • Whether there is a better scheme out there for you
  • How much better off you could be by switching to a new scheme
  • How much it would cost to switch pensions if that’s what you decided to do.

That way, you’ve got all the information you need to make an informed decision without effectively paying money for nothing if our advice is to keep your pension savings where they are.

Make it a happy Monday (or Tuesday, or Wednesday, or Thursday…)

Claim your free pension information pack today and find out how Portafina can help you.Pension Information Guide 

 What you will get from the pack:

  • Get a deeper understanding of what your available options might be
  • Insight into how our no obligation review works and how it could benefit you
  • Details of how to get your review started


Request a free pack

P.S. I guess we never answered directly why your pension can’t stand blue Monday. Simply put, your pension is all about putting you in control, rather than trying to tell you how to feel.

More on the value of financial advice

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Watch our quick video on how a pension review works


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The details provided in this article are for general information only and are in no way deemed to be financial advice. All of the material is correct as of the publication date, but could be out-of-date by the time you read the article. For our latest information and news, please see our articles section here.

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