When was your last pension service?

When was your last pension service?

Has your car ever broken down?

If so, then you’ll know how frustrating it is, especially when you’re standing in the pouring rain just because you decided to put off servicing the car for another day.

Now, just think how much worse you would feel if your pension had broken down.

Ignoring your pension and not getting it serviced regularly means you could be resigning it to the scrapyard.

The good news is, it’s easy to fix and the potential benefits could be big.

And if you are in the dark about how easy it is to service your pension, you are not alone, as recent statistics show.

Check it, fix it

According to FCA’s March Data Bulletin, 32% of pension holders* do not know the size of their pension savings. 1

Further still, a staggering 71% of pension holders* do not know what charges they are paying.2

Without knowing the shape your pension is in, it’s impossible to know if it will provide all the financial fuel you will need on the next step of your journey. Or if it will leave you broken down.

In other words, you need to know what position your pension is in right now to get from A to B in the future.  

And if you don’t know what you are being charged for your pension too, you could be paying more in fees rather than boosting your pension so that you can do the things that you want to do.

Under the bonnet, pensions are just as complicated as modern cars are nowadays.

And like most modern cars, pensions have many intricate parts to them. Which is why it’s best to find a specialist who knows pensions inside out.

With their knowledge and skill, a specialist should be able to explain clearly how your pension could be better, if it’s not as its best already.

A service you can trust

As you’ve probably figured out by now, there’s a lot of work involved when checking your pension.

As pension specialists, we have years of knowledge and experience so we can do all the hard work for you.

The great news is, the impact of good advice and a good pension service could mean that you’ll be, on average, £27,000 better off.3 

And unlike servicing a car, a good pension service doesn’t have to cost a penny.

We can let 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.

So, there’s no hidden surprises!

After all, we take care of £1/2 billion for over 14,000 clients.

And the best thing is, it’s so easy to get started.

Find out more about how our no obligation pension review works. It’s just a click away…

Call 0800 304 7288 for a friendly chat about your pension

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Important Information

*Pension holders have defined contribution schemes.

1FCA Data Bulletin, Issue 12, page 5 online – March 2018

2FCA Data Bulletin, Issue 12, page 5 online – March 2018

3The Value of Financial Advice – a research report from ILC-UK – July 2017

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: https://www.portafina.co.uk/whats-new

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