Pensions

[IceniSky]

I don't really know much about them and have only had one for 10 years. I am 40.

Looking at my online statement it says last financial year my investment only made 1% for medium risk. That seems very low or is it to be expected?

Private sector DC pension.

Hi, is your pension invested in the default (automatic) investment strategy? These strategies can be quite conservative because your employer doesn’t want to be accused of gambling with your savings - so, not great returns but also not as volatile. Some DC schemes also give you the option to choose a different automatic strategy that offers more risk/more reward. Or you might be able to choose your own investment funds. Does your provider give you any info about investments? I had a similar thing with my employer’s new scheme - my money in the default investment hardly grew at all despite the stock market shooting up to highest level ever so I just chose a bunch of higher risk funds (being prepared for the fact that they could drop in value, but over 15-20 years they should do better than 1% return).