Company Pensions
Company Pensions – Lots of people who work are members of an employer-related pension scheme. But these pensions often come under different names, like Employers’ Pension Schemes, Superannuation and also Company Pensions.
There are also Occupational Pension schemes. And these come in two basic types:
- Defined Benefit (also known as Final Salary Schemes)
- Defined Contribution (also known as Money Purchase schemes)
These are very different in terms of what they offer and how they work. Many firms are now switching from Final Salary to Money Purchase Schemes, as they’re cheaper.
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
Andy Dyer, Brighton
Brilliant Job
I have kept an eye on my pension recently and saw on Friday that it is now above the best Pre-COVID level. What a brilliant job Pembroke has done to achieve this!
Michelle & Bill Telford, Ringmer
Impressed with the performance of our pensions and ISA
I just wanted to say that I’m really impressed with the performance of our pensions and ISA. In such difficult times it is clear to me that the decisions that the investment committee have made have protected our investments very well.
