Pensions Week: Step 1 – Find Your Fund

The journey to building a comfortable retirement begins with the first step.

For the Investing Insiders Pension Week, the first action to to take is finding what fund your pension pot is invested in.

This simple move could help improve how much you’ll have built up by the time you hit retirement.

And along with our other 30-second steps, could add an extra £257,000 to your pension pot.*

So how do you get started? Here’s what you need to know:

1. Log in to your pension account

You can do this online or through your pension provider’s mobile app if they have one.

2. Look for the pension fund name

Each provider’s platform works slightly differently; there will be an option to select your pension performance, which will show the fund that your pot is invested in.

It’s worth noting that the pension fund name isn’t the same as your pension provider.

The fund name is usually longer and may include a brief note on what the fund invests in.

3. Make a note of the fund

Simply note down the name of the fund or take a screenshot to keep for future reference.

If you can’t find your fund, get in touch with your pension provider’s customer service team for help. Or contact your HR department for more details.

Why does this help you?

Knowing your pension fund name allows you to check its performance so far.

You can also research what it’s invested in, the fees you’ll have to pay and the returns you’re forecast to get.

These are all vital bits of information that could help you get a better understanding of whether you’re getting value from your pension pot. And whether you’re on track for a comfortable retirement.

Once you’ve done this (or if you already know your pension fund name) move on to step 2: how to check your pension performance.

*Assuming 37 years of investment at £2,700 annual contributions.

This content is for educational purposes only and does not constitute personal financial advice. Always consider your own circumstances before making changes to your pension, and seek regulated advice if unsure.

Capital at risk.