If you never look at your pensions, your income in retirement will be a surprise, and it could be a nasty one, especially if you have been overpaying on fees or if your pension provider has put your money in badly performing funds.
But funds which charge ultra-low fees to merely track a stock market index often perform better than funds where a team of experts decide what to invest in.
A recently set up company pension is probably a DC pension – if in doubt, ask your provider - and any personal pension you have set up yourself will be one too.
First, see if you can get a list of the funds your pensions are invested in and what fees are charged for these funds.
Your money will be invested in funds, pooled investments that put your money into companies’ shares, bonds (which are like loans you can buy and sell) or property.
