With the Budget freedoms raising concerns about what savers will do with their money, and the state pension still returning a 'paltry sum', David Brooks assesses potential solutions...
The traditional concept of retirement is a relatively recent one. However, retirement may be viewed as a fleeting 20th century historical curiosity, unless more employers re-engage in a meaningful way in how income is provided for their staff. When considering thinking about pensions we might want to think, quickly, about two broad questions. What are most pensions for? To provide an income, based on deferred pay, for people in their later years. Why did most employers set them up in the post-war years? To allow employees to live with a reasonable income when they completed their w...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
