Tricia just stated that Pension Planning is a three pronged approach: NIS pension, traditional savings and investments and a pension plan.

Your pension plan, however, offers tax benefits that the others may not. https://twitter.com/stocksondrocks/status/1309644459559198720

If you are already a part of a company pension plan, you cannot contribute to another approved pension plan at the same time.

However, legislation has been introduced to allow you to diversify your pension plans.

Entrepreneurs can sign up to an approved retirement scheme. If your income falls for a period of time you are not obligated to pay each month. Interest will just accrue on funds already paid.

For some retirement schemes you have a choice as to what particular types of investments you want your funds to be invested in.

You can choose an equity, bond, diversified etc fund at Proven Wealth. The Investment Managers ultimately choose the specific assets in those funds.

Pension fund managers have to report to a trustee board that is responsible for holding the investment managers accountable.

Fund managers also have to abide by their own internal management guidelines and that of the the regulator.

Trustees aren't required to have a particular skillset to be elected to oversee the management of a pension funds. However, most trustees do have exposure or outright experience in the industry.

Large pension funds may choose not to participate in small IPOs, even if it's likely to double in value.

If a company is raising 200M a fund may easily be able to apply for the entire 200M. Based on allocation they may only get 3M worth. If the IPO triples to 9M...

....and the pension fund manages 60 billion in assets then the fund performance may only improve by 0.00x%.

You can contribute up to a maximum of 20% or the difference between 20% and what your employer is contributing on your behalf.

If you walk away from the employer's contribution then that money stays in the fund. The employee doesn't get it. It is recorded as a surplus and is this shared between current plan participants.