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Average transfer take-up rates have hit an “all time low” while transfer values have hit their second lowest level since Q2 2015, analysis by Lane Clark & Peacock (LCP) finds.
Get a summary of what to consider when investing into a pension See how pensions are a tax efficient way to save What is a pension? A pension is a savings plan whereby you pay in regular amounts during your working years to create a pot of money, which you then use to take an income from in retirement. You can plan your income for your retirement using savings, investments, personal pension or occupational pension. While savings and investments are of course a viable option, a pension should be the first port of call for the majority. At its heart, a pension is still a savings plan, but it...