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.
Pension Planning
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
We all know it’s important to plan for retirement, but many of us are still not planning well, or early enough.
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.
UK News
The Bank of England governor warns "we're not out of the woods yet" in terms of rising inflation.
US regulators accuse the companies of illegal ticket resale tactics costing consumers millions of dollars.
The UK government hopes the investment will create more than 7,600 "high-quality jobs".
The two American chipmakers will partner to make personal computer and data centre chips, in a lifeline for Intel as it struggles to profit from the AI boom.
The warning from the clothing chain comes as it reported a 13.8% rise in pre-tax profits.