It's the turn of the
century... at least for Britain and its pensioners.
Pension living is
becoming huge trouble than convenience for most people. Defined-benefit
retirees are now struggling as corporate retirement plans have a huge deficit
to fill in.
In a span of just five
years, the UK's retirement deficit grew. Now, state pension and corporate
pensions are things you couldn't depend on.
So if you're going for
a personal pension plan, I suggest you go with your gut on other options.
Especially equity-based ones.
One has to admit that
what I'm suggesting is outrageous. Corporations are growing profits while
you're stuck in the gutter.
It's the reality of
the situation I'm getting at. Investors and beneficiaries are always a
corporation's priority. Investing in corporate funds and group funds that
diversify your portfolio to each of these companies help.
For just a few years
you can grow your money through a personal pension plan. Equities are growing
especially in the tourism and export industries.
The weakening pound
sterling -- with a little help from BoE's almost-negative interest rates -- is
contributing to the favours of these industries.
It's important to
invest as soon as you can; it's possible that foreign investors may take
advantage of the weak pound and invest in these areas where they can. An
inflated stock price can reach a bubble and everyone knows what that means.
