How to Build a £1m Pension Pot

What does it take to reach the £1 million mark in your workplace pension pot? Read on for our six hot tips

Russel Kinnel 10 September, 2018 | 9:14AM

Pensioner pension pot £1 million retirement workplace pension defined contribution

Crossing the £1 million threshold in your pension portfolio is a satisfying landmark even if it is just a round number of no actual importance. As a US investor, I crossed the $1 million line last year, and I wasn’t alone. The strong rally in equities in 2017 led to a 45% increase in investors above the $1 million balance in Fidelity pension accounts.

A recent Twitter discussion about this provoked some people to claim that a person would have had to have taken some wild risks to get there, but I certainly didn’t, and I doubt many of those across the threshold did.

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About Author

Russel Kinnel  is Morningstar's director of fund research. He is also the editor of Morningstar FundInvestor, a monthly newsletter dedicated to helping US investors build winning portfolios.

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