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

Pensions relief in doubt, once again

Philip Hammond © Getty Images

The chancellor is said to have pension funds in sight once again: specifically the £40bn annual cost of tax relief on contributions.

Ombudsman ruling paves the way for final-salary pensions redress

Port Talbot steelworker © Getty Iamges

Savers who have transferred out of generous final-salary pension schemes could be entitled to compensation from their financial advisers, even if the adviser explicitly warned them against it

Guaranteed annuity rates: a bonus not to be missed

A woman with a magnifying glass © Alamy

Check your pension plan to see if you’re entitled to a guaranteed annuity rate, says David Prosser.

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

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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.

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