Managing a pension fund can be a daunting task, especially if you are not familiar with the ins and outs of personal finance. However, it is crucial to avoid making common mistakes that could potentially have a significant impact on your retirement savings. To help you navigate through this process, we have compiled a list of the top four mistakes to avoid when managing your pension fund.The first mistake to avoid is not regularly reviewing your pension fund. It is important to keep track of your investments and make adjustments as needed. This includes monitoring the performance of your pension fund and ensuring that it is in line with your retirement goals. By neglecting to review your pension fund, you may miss out on potential opportunities for growth or make uninformed decisions that could harm your savings in the long run.Another common mistake is not diversifying your investments. Putting all your money into one type of investment can be risky, as market fluctuations can have a significant impact on your pension fund. It is essential to spread out your investments across different asset classes, such as stocks, bonds, and real estate, to minimize risk and protect your retirement savings.Furthermore, it is important to understand the fees associated with your pension fund. Some funds may have higher fees than others, which can eat into your returns over time. Make sure to research and compare fees before choosing a pension fund to ensure that you are not paying more than necessary.Lastly,