Volatility in the financial world could influence people's pension plans. Have you recently retired?
Volatility in the financial world could influence people's pension plans. Have you recently retired?
The traditional final salary scheme guarantees a pension based on end of career earnings and length of service.
The traditional final salary scheme guarantees a pension based on end of career earnings and length of service.
However, an increasing number of people are in so-called "defined contribution" pensions which rely on how well or how badly investments have performed.
However, an increasing number of people are in so-called "defined contribution" pensions which rely on how well or how badly investments have performed.
Recently, the government-funded Pensions Advisory Service warned that workers who pay into these schemes may not be aware of the risks.
Recently, the government-funded Pensions Advisory Service warned that workers who pay into these schemes may not be aware of the risks.
Have you retired? Are you on a defined-contribution pension? Has the credit crunch affected your pension? What are your financial plans for the challenging times ahead? Send us your comments using the form below.
Have you retired? Are you on a defined-contribution pension? Has the credit crunch affected your pension? What are your financial plans for the challenging times ahead? Send us your comments using the form below.
