Financial watchdogs have made it clear that they believe transferring money out of a defined-benefit pension scheme is a bad idea for most people. And yet people continue to defy this guidance.
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 more competitive market means retirees with equity release mortgages could save by switching provider.
Making the most of your retirement options can make a big difference, says David Prosser.
To get a grip on your pension finances, it helps to have it all in one place, says David Prosser.
Today’s pensions allow for a lot more flexibility when scaling back on work, says David Prosser.
Schedule your retirement party, but your financial options take more thinking about.
People looking for a tax-efficient place to invest their pension funds may be disappointed, says David Prosser.
Savers currently planning their retirement may be in for a nasty surprise, according to the International Monetary Fund.
An annual pension “health check” will help you plan ahead for your retirement.
The government is considering introducing CDC pensions as a middle road between existing options. Could they represent the future of saving?
With 43% having no pension millions of self-employed people could be unprepared for retirement, says David Prosser.