How personal pensions work
Personal Pensions are typically defined contribution schemes and are individual contracts between you and the pension provider. They can either be set-up by you or often set-up by your employer through a workplace pension scheme.
To give financial security in retirement, people will invest funds (called contributions) regularly into a pension for it to grow and in the case of a workplace pension, the employer could match those investments. For further growth, the pension provider will invest those funds often in stocks, shares or alternative investments depending on the risk profile of the pension fund.
Why use Pension Works?
If your pension funds are valued over £30,000, we recommend that you take professional advice to ensure you’re making the right decisions for your financial future.
Our job as pension specialists mean we will assess all your current pensions and deliver a comprehensive report that will outline all your options. The report will also explain how your current pensions are performing and whether there are better products for you on the market.
If our advice includes moving your current pension to a more suitable provider, we can handle this for you, making it as smooth and straightforward as possible. Our fees for this service are among the lowest in the industry.
We’re completely independent and authorised and regulated by the FCA – so you can be sure that any advice given will always be in your best interests.