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What should I do before I make my pension choice? – Pensionfinder








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    What should I do before I make my pension choice?

    There is a lot of pension choice out on the market. Much like the mortgage market ballooned to thousands of products the pension market has expanded and become more complex. In choosing your pension provision you should make sure you do a couple of things.

    1. Find good financial advice

    A good financial adviser can help you understand the relative risks involved in different investment types and help you create a pension vehicle that will match your needs. They will also be available to you when the markets change to review your provision and ensure that your funds are well placed for the economic climate.

    2. Work out how much you need in retirement

    The first step in working out how much you will need to invest monthly will be working out how much you will need to have in a pot at retirement. Most people underestimate the amount they are going to need to have the kind of lifestyle they want. A financial adviser can help you look at projections based on different growth rates and contribution levels.