Week 5 round-up
This week, we have explored the pensions landscape – focusing on the types of pension schemes in the UK. We’ve also examined the various pension products that can be used to augment the state pension.
We have also looked at how pension planning involves a careful forecast of your spending in retirement – essential expenditures but also aspirational spending – since, ideally, life in retirement should be more than just ‘getting by’ through spending on essentials only. Remember, with growing longevity, pensions planning is the most serious investment activity you are likely to engage with.
Don't forget to continue with Activity 2.4 and check the prices for the selected companies once a week and enter their level in the Market shares tracking worksheet. Remember, you can follow these shares using the BBC Market Data tool, or by picking up a newspaper which focuses on financial markets.
Next week, we complete Managing my investments by focusing on how behavioural factors influence investment decision-making, sometimes with adverse consequences.