Pension Advice - Fund Manager or SIPP

[Condi]

Ozzie Osmond said:

Don't forget "over 60s" make up a huge and growing proportion of UK voters.

Hence why for the last 10 years the only group to have been supported by the government are the pensioners...

The 'millenials' look at the continued index linked increases in pensions, winter fuel allowance, free bus pass... etc etc etc and cant help but feel a little bit pissed off our student loans keep going up the keep the older generations sat in their very expensive houses we have no hope in hell of ever buying when 50% of our income goes to pay rent for their BTL investments.

But rant over...



Pensions - easy enough to do yourself cheaply. For a small or medium pension chose a selection of funds based on your risk appetite, personal preference, or opinion on the market. If you want to learn about risk profiles, or what risks different asset classes have then its available online or books on the subject. Financial advisers have their place, but IMO for large pensions only or when coming to retirement. If you're a 40 year old worker with a company pension scheme putting away £500/m they're not worth it.

[Simpo Two]

Guvernator said:

Speaking of political footballs, many of the advisor's I spoke to wanted to include the state pension into their calculations, probably because it's an easy way to make the figures look better. I pretty much sacked those advisors off straight away as I suspect by the time I get to retirement age there will either be no state pension or the age at which you get it will be so high that it will be an irrelevance anyway.

I believe it is called part of the 'big picture'. The fact that everything will be entirely different long before you get to 67, 72, 85 or whatever the state pension age is by the time you get there, let alone in five years' time, doesn't matter, and it will only be 3/4 of 5/8 of fk all in the scheme of things anyway, so best left out, and then, if you get one, you can buy some crisps with it. IIRC (though I stand to be corrected) in the last year alone the number of years' contributions required to get the full state pension has gone up from 30 to 35. You're running up a down escalator; how long can countries keep borrowing for?

Edited by Simpo Two on Friday 6th May 19:10