The fundamental idea of a personal pension plan is simple. You put money into a savings fund and it hopefully grows in value. At retirement, you have several options which are usually designed to replace some (or all) of your employment income.
Annuities are historically the most popular option in retirement, with a great many looking for the security that they provide. However, it's unlikely that they will continue to account for as high a proportion of retirement income products as they have in the past. This document will explain further.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your money purchase pension savings and the options you have in retirement.
UK News
The company behind ChatGPT files its plans one week after Anthropic did the same.
Learner drivers can only swap their test to the three centres nearest to their original booking.
SpaceX is preparing for a stock market debut that could transform the company, the wider market and Elon Musk's fortune.
The Pentagon list warns US firms of risks linked to working with flagged Chinese companies.
From 12 May, only learner drivers can book their own tests, not instructors.