UK airlines and pensions.
I have a number of questions regarding those UK airlines that offer Defined Contribution pensions to their pilots.
1 -What pension arrangements do you have,eg pilot/company contribution
2-Which financial services company runs your pension
3-How many funds and what sort of risk do they offer,and what returns do you receive
4-If you were previously in a final salary pension how did your employer effect the transition and what advice were you given regarding your investment strategy
5-Do you use a financial advisor to manage your investment and is this paid for by your employer
6-How often should I check my investment and how much should I expect to pay to change it and how often cn I change it?
My airline is in the process of closing our final salary scheme and suddenly overnight I am meant to be a professional financial investor,as well as being a pilot!!This obviously has a major impact on my retirement years and as usual I feel my employer is going to do the minimum possible to assist me.