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Is it me but doesn’t it seem like we’ve been here before? The Greek crisis seems to have been dragging on longer than the Trojan War. It has been vacillating from spikes of on-the-brink debt refinancing, to periods where it has been seemingly out of the news altogether. But this time things appear different, more...
A with profits personal pension can generally be considered a safer option than a unit linked personal pension. Every year, depending on the performance of the fund, you will earn an annual bonus. Once this bonus has been applied it cannot be taken away, which is a distinct advantage over a unit linked personal pension, where your pension pot fluctuates in value depending on the underlying value of the investment fund.Your pension provider will keep some of the profits back from a good year in order to be able to pay bonuses in a bad year. This process is known as smoothing. When you come to retire, you may also earn a terminal or final bonus, to reflect how the fund has grown over the period in which your pension was invested.Our With Profits Personal Pension Best Buys show which providers have achieved the best growth over ten years. You should note that past performance is no indication of future performance; however, we hope that this information will help you make an informed decision when it comes to choosing your personal pension.