Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.
What is a Suitability Letter?
If you go to a financial adviser to discuss your pension needs, he or she will issue you with a ‘suitability letter’ or report. This report will explain why you’ve been recommended certain products, as well as any disadvantages and risks to you.