Interest Rates
6 April 2007Pensions and self invested pensions are subject to interest rates. This can be an uncorrelated rate that jumps from high to low- effectively changing your pension amount. A higher interest rate will give you less capital in your pension plan, and vice versa. Therefore, going to two different pension appraisers on separate dates will most likely end up with different answers- because of the varying interest rates. This is normal, and should be no cause for concern. Any independent financial advice and pension advice can give you more information on how interest rates work- or more information on appraising your current pension plan.
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