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
Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.
It comes after customers complained of not being able to plan for price rises.
The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.
The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.
The strike dates suspended are Sunday 19 January and Sunday 26th January.