Pension Fund Advice & general queries

[stevieb]

Right i have joined the company pension scheme, which seems to work well, but have an option over the way the money is invested ranging from high risk to low risk.

So far i have been sticking with the medium risk ones as i still have nearly 40 years to go until i retire...

I am tempted to do the high risk ones for a couple of years to get some rapid grown and then fall back on the low risk later on so to give me a good pension pot.

Any thoughts before i go and see my finacial advisor what should i be asking etc...

Also how do you calculate your total pension pot?? I have down this and it has worked out to be bigger than i expected... I am currently putting in in excess of £5000p/a into my fund The FSA website is down so i am trying to do a quick calc before seeing my Advisor so i know i am in the right ball park before he get me confused with figures etc.

Thanks

Steve

[LeoSayer]

I would go for higher risk in your situation and for a lot more than a couple of years. Hard to say without knowing what your company defines as higher risk though!

Your company should provide you with a valuation of your pension pot...that's how much it is worth. They will also project how much income it could provide you when you retire. Assuming this is a money purchase scheme, not final salary.