Your Finances for 2012

They say that 70 is the new 50 because many people live—remaining fit, active and healthy—for years longer than their grandparents. Because of this, the need for a decent pension has never been greater.

According to a recent survey, almost half of the nation are still not saving adequately (Source Scottish Widows 2008 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 a time to 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 goals.

Next steps

Take a look at our Beginners guide to Pensions and Retirement.

Our pension calculator can help you work out the sum you may need to maintain your standard of living when you retire.