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 drawdown disaster
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.
Your 3 pension options in 3 minutes from QR on Vimeo.
Latest articles on pensions
Brexit: no deal, no pension
A no-deal Brexit could scupper pension payouts for retirees in Europe. Should you worry?
Pensions and savings tax relief under attack
MPs want to reform the savings and pensions tax relief system to benefit the less well-off.
Children's pensions: should you save for junior?
Starting a pension for your child might not be the best option, says David Prosser.
Pension withdrawals tax trap won’t be closed
HMRC refuses to reform its clumsy taxation of pension withdrawals, says David Prosser.
How to avoid pension drawdown rip-offs
Pensions freedom has overwhelmed some savers, says David Prosser. But new rules are on the way.
Civil partnership ruling boosts pension rights
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.
University dons are getting a good pensions deal
Universities are converting from final-salary to defined-contribution pension schemes. Academics should be grateful, says Max King.
EIS: don’t buy just for the tax breaks
Don’t rush into an EIS for tax reasons, says David Prosser. Judge the underlying investments.
Small businesses can't dodge pensions auto-enrolment
Regulators turn the focus on employers looking to circumvent auto-enrolment and lock employees out of pensions.
Equitable Life to be sold
There is finally some respite at last for long-suffering savers with the disaster-hit firm, says David Prosser.
