Maybe you're lucky enough to have a Final Salary or Money Purchase Scheme set up through your current employer? Perhaps you're saving into a Personal Pension Scheme yourself? In recent years we've seen all companies enrol employees in workplace pensions in a timetable which spanned from October 2012 through to completion in February 2018.
We've also experienced the changes the Pensions Schemes Act 2015 and the Taxation of Pensions Act of 2014 has brought to the industry. From April 2015 individuals with a defined contribution pension will have the freedom to access their pension as they wish from age 55.
All of these changes allow for complete flexibility on how you take your pension at retirement. Pick the right and most appropriate investment.