14:14 26 January 2013
Although a lot of people have final salary pensionand/or standard pension, there are still people who are not eligible for this simply because they’re not employed. If you’re one of them, you can start building your pension fund without burning a hole in your pocket. The key here is research and knowing exactly what you want to invest in.
If you’re very new to pensions and investing, the most important step that you can take is to hire an independent financial advisor. Some people say that hiring one is very expensive; well, not hiring one when you don’t know what you’re doing can be even more expensive. So, get one if you think that you’ll need professional advice.
Next step is to find a specialist pension discount broker. I am sure that your independent financial advisor can recommend one or two. You can then simply tell the broker what kind of pension you would like to start and arrange it without giving you advice.
Keep in mind that brokers charge different types of fees. It’s important that you research all the things that they charge you including the commissions. Obviously, you would want to sign up with a reputable broker that doesn’t charge too much.
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