Quote:
Originally Posted by Pyramid*
You know, this is a hard one.
I was with an excellent company years ago with one of the best Pension schemes around.
Since then, I've moved around: and I'm not altogether convinced that any of them are 'safe money' anymore.
too many (although still few in the grand scale of things) go down the tubes or don't come up to expectations.
It's a hard one to call....... you are in effect putting your money and trust in something that really is not a guarantee of return.
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I agree, this is a hard one. My dad had a great job and an excellent pension, and when he died that made a real difference to my mum because she didn't have to worry or stress over money issues, with all the anxieties losing a loved one brings. The retirement age has been raised and because of this it could mean that less people will live to retirement age or for as long after retirment age than have in the past, so the sense of paying into a private pension for many years might not be a good idea. It's good to make some provisions, and I am doing that, just not into a 'conventional' type pension fund. Investmants in other areas can be just as good