Beginners' guide to pensions and retirement

This guide...

They say 70 is the new 50 as many people live and remain fit and active for years longer than their grandparents. This means the need for a decent pension has never been greater.

According to a recent survey, less than half of us are saving enough for our retirement and nearly a quarter are saving nothing at all. (Source Scottish Widows 2007 Pensions Index). Your retirement should be something to look forward to – a chance to take up new hobbies, spend more time with family or friends or travel the world – not worry about how to make ends meet.

Whatever you want to do, understanding how to build up enough retirement savings and how pensions work should help you achieve your goals.

In this guide we explain the different pension savings options you have and how to make the most of your money when you come to retire.