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
UK housebuilders agree not to share commercially sensitive data "except in limited circumstances".
As the initial findings of the Post Office inquiry are released, sub-postmasters tell the BBC how they feel.
The boss of the CBI says he would support cutting the allowance on cash ISAs to encourage more people to invest in shares.
The US president reveals his poker "tell" by showing he is open to delays to secure trade deals.
Similar threats are looming over pharmaceuticals, lumber and semiconductors.