Hi folks, I’m looking for a steer on how best to manage my pension.
I’m a member of my company DC pension scheme - it is a mandatory scheme with employee and employer contributions increasing with length of service. I’ve also been making AVC’s as I’ve had unpaid leave due to maternity leave so I’m conscious I’ve gaps to make up. The issue I’m having is I find the administrators to be difficult to deal with - I’ve had issues with errors in my benefit statement, my contribution rate and just in general I feel there is a bad service despite this being a large company fund. I’m starting to think I should stop making the AVC’s and set up a separate PRSA where I’ll hopefully get a better service? I’ve no issue making tax returns but is there anything else I’m missing?
For the company scheme I was reading up on it today and it looks like my employer pays the fees so that’s something but I think I’d rather pay fees and have some control over my pension - also there might be better options other than the strategies available to me in the group scheme. I’d be grateful for any feedback and advice on offer.
I’m a member of my company DC pension scheme - it is a mandatory scheme with employee and employer contributions increasing with length of service. I’ve also been making AVC’s as I’ve had unpaid leave due to maternity leave so I’m conscious I’ve gaps to make up. The issue I’m having is I find the administrators to be difficult to deal with - I’ve had issues with errors in my benefit statement, my contribution rate and just in general I feel there is a bad service despite this being a large company fund. I’m starting to think I should stop making the AVC’s and set up a separate PRSA where I’ll hopefully get a better service? I’ve no issue making tax returns but is there anything else I’m missing?
For the company scheme I was reading up on it today and it looks like my employer pays the fees so that’s something but I think I’d rather pay fees and have some control over my pension - also there might be better options other than the strategies available to me in the group scheme. I’d be grateful for any feedback and advice on offer.