overyourhead

Pensions...
The idea behind a pension is quite simple, yes? You save money now and then spend it later when you retire. If only things were that simple.

Should you have a personal pension, a group personal pension, a money purchase plan or a final salary scheme? Should you contract out of Serps? Should you top-up your plan with an AVC or FSAVC? Or even, if you're wealthy enough, a FURBS, a SIPP or a SSAS? Which company should it be with? A life company, unit trust provider or a bank? How should the money be managed? Indexed, active or hybrid? and so on...

Two recent reports suggest that things should made simpler. I agree!