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Managing my investments
Managing my investments

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Week 5 round-up

This week, you have explored the pensions landscape – focusing on the types of pension schemes in the UK. You’ve also examined the various pension products that can be used to augment the state pension.

You have also looked at how pension planning involves a careful forecast of your spending in retirement – essential expenditures but also aspirational spending – since, ideally, life in retirement should be more than just ‘getting by’ through spending on essentials only. Remember, with growing longevity, pensions planning is the most serious investment activity you are likely to engage with.

If you want to learn more about retirement planning why not try this free short course produced by The Open University in collaboration with the financial services firm Legal & General in 2020: Retirement planning made easy [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] . The course takes around three hours study time.

Don’t forget to continue with Activity 2.4 and check the prices for the selected companies once a week and enter their level in the Market shares tracking worksheet. Remember, you can follow these shares using the BBC Market Data tool, or by picking up a newspaper which focuses on financial markets.

Next week, you’ll complete Managing my investments by focusing on how behavioural factors influence investment decision-making, sometimes with adverse consequences.

You can now go to Week 6.