It's such a mind-numbingly dull and tedious subject I suspect it is over complicated deliberately in order to add gravitas and superior sense satisfaction in its complexity for those who flog it.
I have an advisor that keeps insisting on catch up calls and reviews and honestly mate just jot it in an email and let me forget about it. I do not have mental capacity for nodding and asking questions during an hour-long call about my pensions planning.
I had an incomprehensible letter yesterday from the civil service pension scheme with no real information in it that I could actively use without more research EXCEPT the statement that they will not contact me again about this for...... 15 Years!
So true. Also, whenever I steel myself for a conversation they say, “you’ve paid in umpty million pounds and your pension will be…£25 per week. You didn’t start soon enough”
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It’s an area we all need to know more about - without the gatekeeping nonsense.
Don’t forget the atrocious fees but that’s another matter..
Headache inducing stuff.