B
Bodd
I've stopped my pension due to what's going on.. Is this the time to be paying more into it or have I done the right thing.
I've stopped my pension due to what's going on.. Is this the time to be paying more into it or have I done the right thing.
Why did you stop paying in? are you ill? (I hope not)
My financial advice is worth exactly what you're paying me for it... Pensions are long term investments- how many years do you have to go before you need it? Loads? Then the stocks and shares your pension is (probably) funded by will recover, so maybe stay in. Also, if you are paying £100/month in, your fund manager buys £100* worth of shares/units, whatever to add to your pension portfolio. If stocks plummet, aren't they cheaper, allowing the fund to buy more for £100? And if so, when the market recovers, your fund will be 'fuller'. Maybe.
*Minus what what he/she rinses you for in fees.
how many years do you have to go before you need it?
No its just a bill to ease the worry. I'm earning nothing at the moment but feel I should still pay Somthing
I'm with Virgin. Only because I trusted the fncker. I pay 350 pm at moment thinking of starting again and pay 200 pm
Virgin charges are (or were last time I looked) unreasonably high for what is just a simple tracker fund. I moved mine to a cheaper manager.
No science why I picked Virgin just thst I trusted Richard Branson. Who would be a good manager... I've got time on my hands
Look what happened to himRobert Maxwell?
Andy