11min chapter

Many Happy Returns cover image

The Default Pension Trap: What to Consider BEFORE You Switch Pension

Many Happy Returns

CHAPTER

Navigating Pension Portfolio Strategies

This chapter discusses the critical role of asset allocation in a pension portfolio, emphasizing the balance between stocks and bonds based on an individual's age and risk tolerance. It explores the strategic advantages of investing in stocks, the significance of monitoring fund selection, and the potential benefits of a Self-Invested Personal Pension (SIP). Additionally, the chapter compares retirement income options, weighing the pros and cons of annuities against flexible drawdown strategies amidst rising interest rates.

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