How to Update Your Asset Allocation Strategy Over Time
Deciding how to invest your pension savings can be a pretty onerous task. There’s a lot of technical detail to grasp and a good number of decisions to make. Once you’ve made those decisions it’s tempting to sit back, put the matter to the back of your mind and consider the job done. But taking a fit and forget approach to your asset allocation strategy can dangerous.
Allocation of funds amongst different asset classes needs to change as you get older and failing to make the necessary adjustments could result in your retirement income being decimated at the 11th hour as markets rise and fall. Continue reading