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Old 17th Nov 2016, 16:55
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BigGeordie
 
Join Date: Apr 2003
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Partly right xhamster. The company payout may well not be very "decent" and certainly won't be enough to finance a comfortable retirement on its own. You have to do more than just pay the minimum contributions into that or you will be sleepwalking into years of misery when you do leave.

People must take responsibility for their own money and not expect sweet talking financial con-men (sorry, advisors) to do it for them. The best piece of financial advice I ever received was never to invest in something I didn't fully understand. People won't look after your money for nothing so where is their cut coming from? How is the money invested? What are the ongoing charges? How do I get my money out? All basic stuff but it does appear some people are quite happy to sign up for a 20 year(!) plan without really understanding it.
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