We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Pension fund going down the pan

1234568

Comments

  • DD4
    DD4 Posts: 61 Forumite
    jem16 wrote: »
    No fixation.

    I just find it interesting that the one person who keeps on telling everybody to avoid personal pensions and go with something else is the person who doesn't need to worry about having to make that choice.

    Not just one person, EdInvestor does the same.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    DiggerUK wrote: »
    There are plenty of ways to get financial security in old age. Money purchase pensions ain't worth a light. Put another way they won't do what they say on the tin. Who knows what will be happening decades from now.

    You've stated in another thread that a SIPP is an option... You do realise that a SIPP is a money purchase pension scheme, right?
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • purch
    purch Posts: 9,865 Forumite
    You've stated in another thread that a SIPP is an option... You do realise that a SIPP is a money purchase pension scheme, right?

    I doubt it.

    He also stated in the same thread that a Personal Pension was a poor choice because you couldn't access it until you are 55, and then listed a SIPP as a far better choice :eek:

    confused dot com :rotfl:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • jem16
    jem16 Posts: 19,826 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    DD4 wrote: »
    Not just one person, EdInvestor does the same.

    True, she does do exactly that.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    jem16 wrote: »
    True, she does do exactly that.

    Exactly what:confused::confused:
    Trying to keep it simple...;)
  • jem16
    jem16 Posts: 19,826 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    EdInvestor wrote: »
    Exactly what:confused::confused:

    Read post 72 Ed.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Sorry, not clear what you mean.
    Trying to keep it simple...;)
  • The_Economist
    The_Economist Posts: 653 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    bendix wrote: »
    If i was planning to retire in England (which I'm not), I would have great delight in offering The Economist a part-time job mowing my lawns.

    Not retiring in England whys that then. Is it because your Pension wont go that far here? ;)
    If i could i would, but i cannot so i wont, but maybe one day i will.
  • bendix
    bendix Posts: 5,499 Forumite
    The_Economist wrote: »
    Not retiring in England whys that then. Is it because your Pension wont go that far here? ;)

    No need to worry yourself about my pension, pal. I could happily retire tomorrow if I wanted, in the UK or anywhere else.

    My plans to retire overseas (where I have lived for 18 of the last 20 years and where I already have my retirement property) are purely personal.
  • Daz2009
    Daz2009 Posts: 1,147 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Glad to see the bickering has come to an end ;)

    OK,so I've been in touch with Phoenix.There are no options to move to another fund but I do have an up to date value.As of 10/07/09 the funds value was £14,000 but by 21/09/09 this had increased to £17,700,an increase of around 27% in just over 2 months.That's better than the FTSE I believe over the same period.
    I intend to seek the advice of an IFA but would welcome suggestions as to wether I should stay with Phoenix,transfer to another companies Stakeholder scheme or to a personal pension and which companies I should be looking at.
    It's all very well me reading performance tables but as we are constantly told past performance is not an indication of future performance
    Thanks
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.7K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.3K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture