While most of us struggle with pensions, some lucky workers will do just fine

For the average worker, investing for retirement can be a headache. But employees of the Bank of England don’t have that worry. And, with an £11k a week pension, nor does the CEO of National Grid.

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National Grid CEO Steve Holliday is expected to manage on just £11,000 a week

I wrote earlier about the difficulties of figuring out what to do with your savings post pension freedom. Where do you put it during the accumulation phase? How do you invest it? How do you draw it down? How do you figure out how much to take every year?

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.