That would've been cheaper for me. I was persuaded to buy a Canon printer as my old one no longer works with computers (don't ask too complicated
) so I've now got a printer that is very temperamental and now the ink that came with it has run out it's not working, even though I've spent an arm and a leg on a new Canon ink cartridge. 
That’s because there isn’t a pension pot with a final salary pension. There’s a Cash Equivalent Transfer Value (CETV) if you were to transfer out. These have fallen due to interest rates and gilt yields rising (if you transfer out and buy an annuity, it’s now cheaper to do so, hence why the ‘value’ has fallen). You should be concentrating on the annual income you will receive at the normal retirement age, not the transfer value. There is no pot.I have a final salary pension that I’ve paid into for 24yrs. My colleagues and I have all noticed our pension pots halve in value over the last 3yrs, has anyone else noticed the same? My boss’ for example has dropped by £500k
Even paying into my pension all this time it still leaves me with a concerning low amount to live on when I retire. I need to look into investing. My Dad died 6months prior to retiring, I want to retire as young as I can to travel as much as I can.
Thanks for that info, I literally know nothing about pensions, I’ve always been more focused in overpaying on our mortgage. With the annual pension income looking rather depressingly low I’ll need to consider whether to increase my pension contributions or invest elsewhere.
It depends if you’re a higher rate tax payer or not and how long until retirement. Pensions are usually always the best option but obviously you can’t access until 55, soon to be increasing to 57. Having a stocks & shares ISA is a good option too!
Do you work in pensions? Sorry to jump on you and ask a question but I started looking into SIPPs last night and came to the conclusion that we’d be better off just overpaying into work pensions as it’s less faff, for two married additional rate payers in their 30s would you say just paying above the matched employer rate > building upon cash savings or investing in a SSISA too? Appreciate this isn’t FCA regulated advice but just anything to tailor what I start reading about would be super useful thank you
Thank you for this - this article is really useful about LISAs and they even have a section that answers my question above!
Gonna hold off until we’ve remortgaged and gone through the documentation bs then up my pension. Thank you to pension pros in this thread for the inspo! 
I work in finance, yep!Do you work in pensions? Sorry to jump on you and ask a question but I started looking into SIPPs last night and came to the conclusion that we’d be better off just overpaying into work pensions as it’s less faff, for two married additional rate payers in their 30s would you say just paying above the matched employer rate > building upon cash savings or investing in a SSISA too? Appreciate this isn’t FCA regulated advice but just anything to tailor what I start reading about would be super useful thank you
See your your employer will pay some/all (whatever you can afford) straight into the pension via salary sacrifice
also I forgot to mention to everyone - make sure you nominate your beneficiaries!Thanks for this - I’m already happy with our current investments/cash savings/child savings thankfully, but pensions advice ime has been super limited to just “at least match what your employer puts in as it’s free money” - I’ve never heard of anyone exceeding that/didn’t know if you were even really allowed to! I’m gonna change it immediately actually and then up it again once mortgage stuff is over. We’re good for affordability but the whole process just feels like judgment day and I’m already anxious 6 months out about the Q+A stage it’s horrid!I work in finance, yep!
I agree - overpay into your work pensions, make sure you’re getting the maximum that the employer will pay in too! Always have an emergency fund of 6-9 months of net income. I’d diversify by opening a S&S ISA and investing in a global multi-asset fund such as this HSBC one:
that’s an example of multi asset fund though and absolutely not financial advice! The money saving expert forum is really helpful to teach you things about finance
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See your your employer will pay some/all (whatever you can afford) straight into the pension via salary sacrifice
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Relate, it can be hard or even triggering to think about if you’ve lost parents young.I've never thought about pensions as I never thought I'd live that long
You could always max out your employer one and then open a separate personal pension, it doesn’t need to be a SIPP. The final salary pension will only provide a spouse’s pension unless you die whist your LO is still dependent. If you open the personal pension, they would get the full fund value if you die before taking it. Research ‘defined benefit death benefits vs defined contribution’. We should have a pension thread on here haha.Thanks for this - I’m already happy with our current investments/cash savings/child savings thankfully, but pensions advice ime has been super limited to just “at least match what your employer puts in as it’s free money” - I’ve never heard of anyone exceeding that/didn’t know if you were even really allowed to! I’m gonna change it immediately actually and then up it again once mortgage stuff is over. We’re good for affordability but the whole process just feels like judgment day and I’m already anxious 6 months out about the Q+A stage it’s horrid!
Tbh pensions give me major health/mortality anxiety too as neither of my parents lived long enough to retire (and neither would have had private pensions anyway lol) - so I’m mainly seeing it as just more money for my LO anyway
To be honest, same. I used to suffer with bad mental health issues so made some horrendous financial decisions based on the fact I didn’t think I’d be around to see the consequences… the consequences that I’m now paying offI've never thought about pensions as I never thought I'd live that long
Where is the one from your previous job? Nest is cheap, I still have one of those. They don’t charge transfer in charges, the funds aren’t too bad but limited.
Honestly we should have an entire finance sub forum here! I know it errs on risky territory as we’re not FCA regulated etc but as long as it’s heavily caveated surely it should be cool?You could always max out your employer one and then open a separate personal pension, it doesn’t need to be a SIPP. The final salary pension will only provide a spouse’s pension unless you die whist your LO is still dependent. If you open the personal pension, they would get the full fund value if you die before taking it. Research ‘defined benefit death benefits vs defined contribution’. We should have a pension thread on here haha.
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To be honest, same. I used to suffer with bad mental health issues so made some horrendous financial decisions based on the fact I didn’t think I’d be around to see the consequences… the consequences that I’m now paying off
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Where is the one from your previous job? Nest is cheap, I still have one of those. They don’t charge transfer in charges, the funds aren’t too bad but limited.
