RIFT OIL, Drilling for Oil in Papua New Guinea

Hyper Al, my Personal Pension fell 60% in 2000-2002! ( tech bubble bursting)
It has since rallied in 4 years by 400%. Yes I have doubled it every year , less than that this year as in 2005 it rose around 150%. If my trading account was so lucky!
and I am not 60 yet, so there is plenty time for you !
- If you dont need it dont take it till long after 55 IMO - I'd not 'bank it' as that means effectively taking an ANnuity. If that can be put off till 65 or 70 so much the better return. I'd be placing any big gains into safer things like fixed interest Trusts or whatever in a year or two. I'll take an Annuity providing around 6% in 6-7 years.
- I hasten to add my experience before it was transferred into SIPP was It was very badly managed, and expensively. SIPP provision is the best thing for personal pensions. Note NO ADVICE INTENDED as the FSA are hot on monitoring pension 'advice'.
H.