The fundamental idea of a personal pension plan is simple. You put money into a savings fund and it hopefully grows in value. At retirement, you have several options which are usually designed to replace some (or all) of your employment income.
Annuities are historically the most popular option in retirement, with a great many looking for the security that they provide. However, it's unlikely that they will continue to account for as high a proportion of retirement income products as they have in the past. This document will explain further.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your money purchase pension savings and the options you have in retirement.
UK News
A government spokesman tells the BBC that the current offer "does not do enough to protect consumers or the environment".
Experts warn the impact of the war will continue to affect the global economy for months to come.
The company's listing raised $87.5bn, compared with the $75bn it was initially thought.
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.