Is Scottish Widows a good pension plan as part will be paid by my employer and part contributions by myself?

by , 3 months agoOpen Question

If I change my employer or go abroad what will happen to the contributions paid in?

Answers (2)

From the days when I worked in financial consultancy, Scottish Widows have always had a sterling performance in pension yields although a standard caution is that past performance is not an indicator of future performance. However, I would certainly be happy to invest in them if it was on offer, especially with employer contribution.

As for what would happen if you left your employer, one would imagine that the plan is portable or could be made paid up with the fund frozen until retirement. Just be cautious of management charges on a frozen fund that may erode its value with time.

by Snoopy48, 3 months ago

new day, new person same old question!!! and my same old answer.
A pension plan is neither good nor bad, it is just a wrapper for investments, contributions to which earn tax benefits. The outcome will depend on the investments you choose to put within the pension wrapper.

Since your employer is contributing, you definately should go for one... isn't your employer restricting you to a plan with a single provider?

by HSP, 3 months ago

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