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1 in 3 company pensions risk last-minute drops

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Press reports in The Daily Mail and ifaonline.co.uk have suggested that up to a third of company pensions put savers at the mercy of the stock market just before retirement.

While many pensions switch savers to lower risk investments in the lead up to retirement, up to 1.8 million company pensions do not offer this kind of protection. This puts investors at risk of significant drops in their expected pension just before they are about to draw a retirement income if there are sudden drops on the stock market.

SIPPs offer investors the opportunity to take control of where their pension is invested, with the authority to gradually switch out of higher risk investments as they approach retirement. Read more about Pointon York's range of SIPPs.

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SOURCES:

http://www.ifaonline.co.uk/ifaonline/news/2102314/pensions-risk-stock-market-dive

http://www.dailymail.co.uk/money/pensions/article-2026718/One-pensions-risk-stock-market-crash.html

 

Important Information:

Pointon York SIPP Solutions Limited does not give advice, and this article should not be construed as advice. Before making any financial decision we strongly recommend that you seek financial advice and ensure you understand the risks of your decision. To find an adviser in your local area visit www.unbiased.co.uk, an independent search website.

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