Is it worth getting a financial advisor for pension?

There’s no escaping the fact that pensions can be complicated. Consulting a financial adviser can provide you with clarity and hopefully the valuable peace of mind that will enable you to enjoy the retirement you want, without having to worry whether you will be able to afford to make ends meet.

Can you retire without a financial advisor?

Many financial professionals will, for a fee, help you navigate your way to and through retirement. But using a financial advisor isn’t mandatory. If you can’t afford, don’t trust, or otherwise would prefer not to use an advisor, managing your retirement is always an option.

How much do pension advisors charge UK?

Broadly, advisers often charge between 1 and 2 per cent of the asset in question (e.g. a pension pot), with the lower percentages being charged for larger assets (percentage charges on smaller assets may be higher).

Can I manage my own pension?

That’s why many investors take matters into their own hands and open a self-invested personal pension (SIPP). One of the most flexible types of pension, a SIPP lets you select and manage the investments in your pension pot yourself. And thanks to investment platforms, you can open a SIPP easily online.

Is ongoing financial advice worth it?

If you are comfortable that you can make these decisions for yourself, financial advice probably won’t be worth it for you. If not, then while it may seem counterintuitive to spend money now to grow your money, a good financial adviser could enable you to: Fulfil your financial goals. Reduce your tax bill.

Which is best pension fund?

Best Performing NPS Tier-I Returns 2021 – Scheme E

Pension Fund Managers	Returns*
SBI Pension Fund	19.78\%	13.54\%
ICICI Pension Fund	21.44\%	13.90\%
Kotak Mahindra Pension Fund	20.79\%	13.96\%
LIC Pension Fund	21.44\%	13.90\%