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Review of the Standard Life, Pensions:

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due to retire next year

I thank god most of my pension is in a final salary scheme. I have been forced to allow standard life to manage my pension since my company closed its final salary scheme. in 4 years the only money currently in the pot is what my employer & I have put in. Standard life have achieved nothing in that time other then take their commission. Lets be frank, they don't have to try too hard since final salary schemes closed all over the UK. most employers are legally obliged to offer a pension so between standard life and the other big pension suppliers, its money for old rope. They don't really have to try too hard as they have a captured market. I feel sorry for anyone starting a pension in 2022 knowing they are going to rely on the likes of standard life to invest it over 40 years. They will be lucky if they get what they put in over that time back. Reviewed on: 20th December 2022

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