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 Supreme Court partially upholds an appeal from lenders, who had faced potentially paying compensation to millions of motorists.
A claimant in a car financing judgement is disappointed more people will not be able to claim.
The move comes as a weaker-than-expected jobs report stoked fears about tariffs.
Trump's tariffs in his first term took aim at China - but this time they are going beyond.
Lenders no longer face the prospect of having to pay £30bn to £40bn to aggrieved car buyers, but the industry still faces hefty payouts.