R.J.
Nash
Consultancy Ltd
Independent Financial Solutions
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With the governments introduction of Stakeholder pensions in 2001 there are now plenty of low-cost pension offerings in the market place, to enable more people, especially those on lower incomes, to set aside funds for retirement. The key to Stakeholder pension plans as with any other type of pension is to start contributing as early as possible and keep making contributions for as long as possible. That way your pension fund has time to grow and for the investment returns on the fund to compound through reinvestment over many years. The result of this should be a significant sum of money to invest when you retire. If you haven't set up a pension yet, then armed with these basics it is now time to ask us for advice as to how best to meet your retirement income expectations and allow you to then compare and contrast what is on offer. No one will suggest that a pension should be the be all and end all of your personal finance arrangements. But putting one in place is an important long term investment decision. Even if retirement seems a long way off right now, just think of what life would be like if a state pension of the equivalent of approximately £80 a week was all you had to live on.
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