|Investment Property Worldwide.com
GREEDY pension firms are paying themselves as much as 80 per cent of the contributions to people’s retirement plans. Thrifty workers who save to ensure a comfortable old age are losing a massive amount in fees and commissions to the companies who manage their pensions, research has revealed.
The UK's retirement crisis shows no sign of receding as new research shows that pension income has in some cases been eroded by more than 70% in the past decade. Falling investment returns combined with lower annuity rates have driven potential retirement income down from £9,000 per year a decade ago to £2,500 now
.Millions of people face poverty in retirement due to poorly performing pensions as a result of falling markets and greedy fund managers.
Investment Property Worldwide has teamed up with one of the UK’s leading independent wealth management companies which specialises in pensions and investments. They will carry out an initial review completely free of charge for potential investors to assess whether their existing pension plans may be transferred
into a SIPP.
If acceptable, once your pension is transferred into a SIPP various options are then available to make your pension work harder for you.
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