Have you already transferred your UK Pension to New Zealand? Good news: you’ve made an important step in the right direction. But as the years go by, it’s important to stay on top of your investments, reviewing the fund you’re in on a regular basis.
Our team at Pension Transfers can help you ensure the option you initially chose is still appropriate for your needs. Here are some key things to keep in mind.
Your goals and investment horizon
Over time your investment needs may change, even in just a short amount of time. And when they do, it’s important to re-assess your plans.
Sometimes, a change of underlying fund types might be required; for example, if you’re getting closer to retirement or are planning to withdraw your funds in the next few years, a more conservative asset allocation may help you insulate your capital from wider market fluctuations.
Many important factors come into play before, during and well after your UK Pension transfer, and we’re here to help you make informed decisions at all stages of this journey.
Fund’s performance and risk profile
As with all investment funds, performance will fluctuate depending on the types of assets and the asset allocation you’re invested in. Over time, it’s important to ensure that this allocation is aligned with your risk profile. An investment option that used to be appropriate for you just a few years ago may no longer be as ideal right now.
Once again, keep the experts at Pension Transfers in mind. We can help you assess your fund’s performance and make adjustments where needed.
Are the fees you’re paying reasonable?
The financial market in New Zealand is constantly evolving. By having regular reviews with our Pension Transfers financial advisers, you can check that the fees your fund is charging are reasonable and that you aren’t paying more than you need to.
Fees are just one factor to consider, albeit an important one. Our team will look at your circumstances, needs and goals, as well as the fund’s performance, to assess whether moving your pot to a different fund can improve outcomes.
With you every step of the way
Doing regular reviews is a great way to keep your investments on track. Working with our Pension Transfers advisers is all about moving forward, backed by reliable information. So, if you haven’t had a review in a while, we recommend getting in touch with us at your earliest convenience.
Give us a call on 0800 UK 11 NZ or email us at askus@pensiontransfers.co.nz to book a comprehensive review of your circumstances.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.