Pensions drawdown disaster

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

Workers reluctant to save more

Female worker © iStock

Plans to raise the minimum pension contributions could see more workers opt out, says David Prosser.

A quick and simple way to give everybody a bigger state pension

OECD research reveals that the UK has one of the least generous state pension schemes. But there is a cheap and simple way to change that, says Merryn Somerset Webb.

Retirees risk running out of cash

People moving into income-drawdown plans to access their pension funds in retirement risk running out of money too early.

It’s not all gloom for millennials

The millennial generation could end up with broadly similar levels of retirement income to the generations it succeeds.

How the Budget will affect you

The Budget may have been boring. But as Ruth Jackson explains, for pensioners that’s a good thing.

Scammers target steelworkers

Rogue pension advisers could be targeting steelworkers at Tata UK’s plant in Port Talbot, says David Prosser. Make sure you don’t get caught out too.

Equity release as pension plan

Nationwide now allows you to use your house as a cash machine for your retirement. Ruth Jackson explains how it works.

Are you in for a surprise tax bill?

Woman lying in a hammock on the beach © iStock

One type of offshore trust threatens to land many ordinary people – including nurses, teachers and cleaners – with unexpected tax bills. David Prosser explains.

Annuity shoppers: hold on for better rates

Annuity rates are already rising. But as David Prosser explains, shoppers shouldn’t jump in just yet.

New charges shock for family trusts

People who run family trusts are facing expensive new charges due to an international crackdown on financial crime and tax evasion.

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