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
Track down your lost pension savings
If you don’t seek out your old pensions, you could lose them to charities under new government plans, says David Prosser.
Getting help for victims of vulture pension advisors
If you want to complain about pension advice or how your scheme is run, don’t expect it to be an easy road.
The self-employed must save more for their retirement
Britain’s boom in self-employment threatens to leave millions of people short of money in retirement, says David Prosser. Too many are making little or no provision for later in life.
How to find a financial adviser you can trust
Getting the right help for your money problems can be as tricky as finding a good plumber. Sarah Moore explains how to find an IFA on a sensible budget.
Bring on a pension price war
Many people are paying too much for their personal pensions, says David Prosser. A probe of the market is not before time.
Sleepwalking into a scandal over pensions
The regulator has ruled out a ban on transfers out of final-salary pension schemes, says David Prosser. That could lead to problems later down the line.
A couple of things to bear in mind in 2018
Markets may be roaring as 2018 gets underway, says Merryn Somerset Webb. But more sober minds won’t forget these two points.
Don’t miss out on pensions tax perks
Getting your tax return wrong could mean missing out on valuable tax relief on your pensions. David Prosser explains how to avoid it.
How to set your retirement goals
Don’t be put off by the thought of saving for your pension, says David Prosser. Getting started is much easier than you might think.
Workers reluctant to save more
Plans to raise the minimum pension contributions could see more workers opt out, says David Prosser.
