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
Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
Energy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.
A drone attack on Azerbaijan has narrowed choices for airlines scrambling to respond to disruption in the Gulf.
The letter from London's mayor came as the US moved to designate the company a supply chain risk.