A millennial’s guide to retirement
An unexpected consequence of starting this role six months ago is that people now openly talk to me...
On 6 April 2015, the defined contributions pension landscape changed, almost beyond recognition. The most radical changes to pensions in almost a century turned what was once a very rigid savings vehicle, into a fully flexible product overnight. With these new freedoms, however, come new responsibilities and, without proper planning, commin mistakes could leave pensioners in poverty.
*RedSTART, April 2015. Underlying assumptions are Male and annuity at 68 years old. Living wage and average wage: http://www.bbc.co.uk/news/business-25759780