Many of the conversations we have with clients about pensions involve helping them to understand and decipher the supposedly straightforward workplace pensions into which they’ve been auto-enrolled. If you’re in one, you’ll usually have an online ‘portal’ through which you can supposedly manage your pension and find out everything you could possibly want. Which, of course, serves to confuse most still further. Other pensions can be still less ‘straightforward’, particularly those whose nature or type has changed over the years as benefits have been diluted. And then there are the many, many versions of various schemes left over from changes in myriad budgets. Most governments’s solution is, of course, to launch another, simpler way of saving for retirement. Which means all of the previous, simpler pensions add to the confusion…and the beat goes on.
“Aegon: Living to 100 is no longer a fantasy, but are we prepared?”
Not sure how many of us actually fantasise about living into our hundreds nor the extent to which we can prepare for it.
