beck
Apprentice
Joined: 06 Dec 2006
Posts: 5
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 Posted: 06/03/08 - 03:50 Post subject: |
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| Nice to see young people thinking about their future! Long term financial plans require information and knowledge. There is no reason to be so much afraid of a fraud. There are many people out there, playing tricks to get your money, but they are not so numerous. Anyway, your employer certainly isn't since he's offering a final salary pension. Nowadays this kind of offer is rare, unfortunately, so you might consider yourself lucky to work in your current working place. Company pensions are deals that many people call the best investment plan for future because it has many benefits. Company makes a pension plan, offers employees to join and explains the terms. I'm sure that you have been told about this. It's not possible that employer tricks you with final salary pension, more possible is that you misunderstood the small letters, as you called it. You get an amount based on your final salary when you stop working so you should calculate the numbers. Consult an expert in case you are not able to it yourself. If anything goes wrong a pension fun there is a solution. Pension Protection Fund will jump in and resolve the situation. It's created to make company pensions safe, so you will have a certain assurance for the future. Don't be so mistrustful with financial issues, just stay informed and everything will probably go well. |
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