Manage Your Own Retirement with a Pension Plan
Self directed pensions are an excellent way for Irish workers to save for retirement Self directed pensions would allow individuals to manage their own retirement funds by choosing the individual stocks to invest in, or hand the responsibility to a financial advisor. This type of pension can be thought of as being the midpoint between self-administered pension schemes and traditional life assurance pension scheme arrangements.One of the many benefits of self directed pensions is the transparency of them that allow people to see exactly how much is charged on their regular statements, which can be provided every six months or more often if requested. One pension expert said, “Self-employed people and business partners who previously didn’t have a bespoke pension option really like the control element. They’re used to running and controlling their own business and finance in all other areas”.