Your pension is the key to your future retirement income
Too many of us start contributing into a pension plan and then forget to monitor its performance. As we get closer to retirement, realisation dawns that your existing pension plan may not give you sufficient income to retire comfortably. It is at this stage that it becomes hard to know how to supplement the missing income required.
The reason for a poor return from your pension can be multi-fold; sometimes pension charges can be too high, or your investment portfolio may not match the level of returns required to meet your desired income in retirement.