I am almost 30 and looked strongly at a pension in 07 but decided against on the info i was given and the way i knew the country was going. Now it turns out it was a good move because i would lost money already. However i understand that you always have to look long term especially with a pension. My question is should everyone, like the government have told us through TV ads and everything take out a pension. My fear is that i am relying on a fund manager to do the right thing with my money when i am a small fish in a huge pond.......
I am a sceptic i suppose.......
I know the value of peoples pensions have taken a huge hit over the last year and if the fund managers were doing their jobs correctly this should not have happened, no........ especially to those who were close to maturity because the funds should have been put on relatively low risk funds?
I am just unsure if i trust any bank at the moment to do the right thing.
What financial institution has performed best and has the best track record for me to take on a PRSA? And should i still do it??
Thanks in advance for any help!
I am a sceptic i suppose.......
I know the value of peoples pensions have taken a huge hit over the last year and if the fund managers were doing their jobs correctly this should not have happened, no........ especially to those who were close to maturity because the funds should have been put on relatively low risk funds?
I am just unsure if i trust any bank at the moment to do the right thing.
What financial institution has performed best and has the best track record for me to take on a PRSA? And should i still do it??
Thanks in advance for any help!