How to Choose a Pension Fund

None of us like to think about it, but retirement happens to everyone at some stage. Making provision for that retirement, by investing in a pension fund is a very good idea – in fact, it's an essential. Firstly, you need to be sure that the company you are entrusting your long term savings with is stable. That means looking for a pension fund that's backed by a company that has a good track record, and a decent history. There are too many horror stories of pension funds that have been misadministered, and the beneficiaries get little to nothing out of them at the end of the day. Then look at the return on your investment. You want your money to keep pace with inflation, so you want a return that's at least a little higher than the average inflation rate. Don't be suckered in with promises of fantastic returns though – often, they are smoke and mirrors, and while you are blissfully unaware, your investment is slowly dwindling away!