As many as 2 million UK adults do not know
which provider is managing their pension, and which investments are being made
with their money.Research by
asset management company Lincoln Financial Group has also found that a
surprising 48 per cent of UK pension holders do not review their pension
options once the initial investment has been made.This indicates that pension holders are not fully
aware of their rights and of the benefits that can be gained from shopping
around.So what are you losing out
on by not paying enough attention to your investments, and how can you maximise
your return on the money that you have so carefully saved?
If you are a UK personal pension holder, you would usually purchase an annuity
with some or all of the savings that you have accumulated through your personal
pension scheme, so that you will have an annual income throughout your
retirement.
