A recent report by insurer Royal London said that homeowners need to save a whopping £260,000 into their pension pot to have a ‘decent’ standard of living in retirement.
That might sound a figure way outside of your reach but don’t panic. The right planning goes a long way. Here are some of the most common questions asked about pensions, and here are some tips on making the most of yours.
XPS Pensions Group (LON:XPS) is the only UK pensions specialist listed on the FTSE. 100% focused on the UK pensions market providing pensions actuarial, investment consulting and administration, to over 1,200 pension schemes. Our firm combines expertise, insight and technology to address the needs of both pension trustees and sponsoring companies. We have over 900 employees, of which approximately 90 per cent are client facing, with 15 offices across the UK.