Pension providers will have to offer default drawdown options after many savers ended up in cash funds that generated no investment growth and leave them worse off.
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
A no-deal Brexit could scupper pension payouts for retirees in Europe. Should you worry?
MPs want to reform the savings and pensions tax relief system to benefit the less well-off.
Starting a pension for your child might not be the best option, says David Prosser.
HMRC refuses to reform its clumsy taxation of pension withdrawals, says David Prosser.
Pensions freedom has overwhelmed some savers, says David Prosser. But new rules are on the way.
A Supreme Court ruling that it is unlawful for an opposite-sex couple to be barred from entering into a civil partnership could help many more people qualify for pension benefits.
Universities are converting from final-salary to defined-contribution pension schemes. Academics should be grateful, says Max King.
Don’t rush into an EIS for tax reasons, says David Prosser. Judge the underlying investments.
Regulators turn the focus on employers looking to circumvent auto-enrolment and lock employees out of pensions.
There is finally some respite at last for long-suffering savers with the disaster-hit firm, says David Prosser.