All the pension knowledge you need, in one place
Stay one step ahead…
From how pensions work to the benefits of having one in the first place…get all the insight, facts and stats you need to make the right decisions when it comes to probably the most important savings pot you’ll ever have.
Explore the different sections in the discovery cloud.
Here’s some starting points…
How do pensions work?
The benefits of having a pension
Different types of pension
Managing your pension
What is pension advice?
Your pension. Made simple.
We will help you make the right decision about your pension, with advice that’s refreshingly frank.
Strength in numbers
Jamie Smith-Thompson says…
Jamie Smith-Thompson, MD at Portafina
A final salary pension is a totally different animal to a personal pension, even if the end goal of providing income for your retirement is exactly the same. The rules that surround them, the level of flexibility and ownership on offer and, crucially, who is taking the investment risk are all different.
Perhaps surprisingly, the specific purpose of the state pension isn’t officially described. It is generally accepted, however, that it has a dual purpose to both alleviate poverty in retirement (with means-tested pension credit also available as a top up), and to provide a foundation income that you can build on with your own pension / savings or other income means.
In 2014, when George Osborne announced the changes in the Budget, he made the highly appealing declaration that everyone approaching retirement would be entitled to free, face-to-face advice. In the weeks that followed, this was changed to free guidance.