Some years ago, pension legislation changed , with the result that the responsibility fell on pension fund members to invest their accumulated pension capital to produce a monthly retirement income. Before this, pension fund members received a guaranteed monthly pension from their fund, based on the number of years' service and average salary over the last years of service.
This change places a new responsibility on retiring pension fund members where investment decisions can permanently affect retirement income and the following aspects become very important :
- Establishing the correct investment risk profile for each individual
- Comparing investment costs of each option
- Obtaining advice from experienced advisors with the appropriate depth of knowledge
- Obtaining all the options from an independent source free of corporate group pressures and biases.
It is critical to know all the options before a final decision is made, as mistakes could affect the rest of your life.
is designed to equip you with the knowledge to make an intelligent choice of advisor and to ask the right questions to ensure that your retirement capital produces maximum income at minimum risk.
