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.
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.
UK News
The Scunthorpe steelworks has been officially nationalised under new government powers passed this week.
The modest growth reverses a slight contraction that had been seen the previous month.
The chief executive of Wild reveals what happens behind the scenes of social media posts.
Share trading in Elon Musk’s rocket company has been volatile since it went public a month ago.
The billionaire investor's firm has stopped giving donations to the Microsoft co-founder's charity.