In this episode, Barney answers listener questions about navigating pension fund performance, risk, and fees. The discussion addresses key differences between workplace and self-managed pensions (SIP), the importance of examining fund fact sheets, and understanding total investment costs, including fees from financial advisors. Barney emphasizes investing time in financial education to make informed decisions and highlights the benefits of low-cost investing. The episode also touches on pension protection, asset allocation, and the impact of compounding over time. Finally, listeners get a realistic look at retirement strategies and the significance of planning ahead.

00:00 Introduction and Agenda Overview

00:18 Understanding Pension Fund Performance and Risk

01:18 Workplace vs. Self-Managed Pensions

03:18 Importance of Fund Fact Sheets

04:25 Customer Service and Getting Help

07:42 The Impact of Fees on Pension Growth

13:48 Starting a Pension at 50: How Much to Invest

22:32 Pension Protection vs. Bank Deposits

29:56 The Power of Compounding and Asset Allocation

33:37 Conclusion and Final Thoughts

Connect with Barney Whiter on LinkedIn by clicking here – https://www.linkedin.com/in/barney-whiter-5474731/

Connect with Daniel Welling on LinkedIn by clicking here – https://www.linkedin.com/in/daniel-welling-54659715/

Connect with Adam Morris on LinkedIn by clicking here – linkedin.com/in/adamcmorris

Visit The MSP Finance Team website, simply click here – https://www.mspfinanceteam.com/  

We created It’s a Numbers Game Podcast to help MSP owners learn and understand how to build and maintain a financially healthy MSP business. In this podcast series, MSP business owners like you will learn the fundamental steps, the tips and tricks, the dos and don’ts to achieve MSP financial growth. 

We look forward to catching up with you on the next one. Stay tuned!