DailyMail Money: What to Ask About Your Lifestyled Pension
Monday, 23 September 2024, 07:37
Understanding Pension Lifestyling
Pension lifestyling is a strategy used by some pension schemes to reduce risk as individuals approach retirement. It’s designed to shift your investments from higher-risk to lower-risk options over time. However, not all pensions follow this approach, making it crucial for members to stay informed.
Important Questions to Ask Your Pension Scheme
- Is my pension being 'lifestyled'?
- What specific investments are involved?
- How does de-risking affect my retirement income?
Evaluating Pension De-risking
Asking these questions can help you gauge whether pension de-risking aligns with your retirement goals. Consulting a financial adviser can provide personalized guidance tailored to your needs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.