are you being ripped off?
You’ll spend thirty years paying into your pension.
But most people have no clear way to see where that money is actually going or whether it is working as hard for them as it should.
Your provider gives more detail to regulators than it gives to you about your own money.
So, we used public disclosures to estimate how big your pension pots could be, then compared them with Canadian outcomes.
The cost of a choice you didn’t make
you could have had £144,485 extra in your savings.
On the same £250 a month over 30years, an average “high growth” UK savings pot grows to £442,955. A Canadian style pot reaches £587,440.
That’s £144,485 behind a Canadian. Not because you saved less, but because your money has not been invested to maximise your returns.
What you can do
tell your pension provider you want better returns.
Your pension is your money. The people investing your money have one job, to invest your money so it works as hard as you did earning it.
Right now too many are settling for less without even knowing and will be the ones who pay for it in the end.
Tell them to do their job, get the returns you are owed, and stop them damaging your future.