Pensions

Pensions are changing. Old-style defined-benefits pensions are disappearing. State coffers are running dry. And the government is constantly fiddling with the pensions rules. A comfortable retirement is by no means guaranteed.

So now more than ever it’s vital that you build up a healthy pot of money that you can draw on to fund your retirement. At MoneyWeek, we can help you do that. Not only accumulating your pension pot throughout your working years, but also making sure it produces the income you need to enjoy your retirement.

Latest articles on pensions

BA transfers staff pensions to L&G

British Airways cabin crew

Insurer Legal & General is to take on responsibility for paying the pensions of 22,000 members of the British Airways pension scheme.

Government ditches ethical pensions plan

Plans to make company pension schemes publish details of how they have taken members’ ethical views into account when investing their money have been scrapped.

A big trim for master-trust pension schemes

Smiley lady getting her hair cut © Getty Images

More than one in four master-trust pension schemes – which look after the retirement savings of millions of savers – are set to close.

Be careful with your pensions freedom

A n old lady skydiving © Getty Images

Savers are using the pensions freedom rules to dip into their retirement funds at an alarming rate, says David Prosser.

Divorcees miss out on pension benefits

Bride and groom figures on a wedding cake

Fewer than one in five divorces where a financial award is made include provisions for pension sharing, says the Ministry of Justice.

Phoenix Life cuts exit charges

Man running away

Phoenix Life, the pensions company that specialises in taking on other insurers’ historic savings plans, has dropped exit fees for customers who have benefits worth less than £5,000.

Resist the temptation to transfer your pension

Old man next to a sports car © Alamy

Overly generous transfer payments to savers leaving defined-benefit pension schemes could jeopardise the pensions of those remaining, says David Prosser.

Why you shouldn’t stump up for your children’s house deposit

Woman holding house keys © Getty Images

Houses are expensive. But don’t sacrifice your retirement income to get your kids on to the property ladder, says Merryn Somerset Webb.

Will you miss out on state pension cash?

Mother and baby © iStockphotos

Pressure is mounting on ministers to relax rules that mean thousands of people have missed out on state-pension benefits by failing to register for child benefit.

Beware of the lifetime allowance on pension funds

Philip Hammond © Getty Images

It’s easier than you think to run up against the pensions lifetime allowance, says David Prosser.

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