Transcript

MARTIN UPTON

Hello again, I’m Martin Upton from The Open University’s True Potential Centre. Welcome to the penultimate week of Managing my investments .

This week is entirely devoted to the crucial subject of pensions and how to ensure that you have sufficient income to retire in comfort. We look first at State Pensions and at the reforms to these that are unfolding in the UK.

We then examine different types of pension products – from occupational pension schemes to personal schemes that are unrelated to your place of work. We examine how pension incomes are determined from the fund that you compile prior to retirement.

And we also examine closely the pensions revolution that is unfolding in the UK and which is giving us greater flexibility in how we draw on and spend our pension ‘pots’.

The truth is that many people don’t plan properly for their pensions – either putting off starting a plan in earlier life or not focusing on the income, and hence living standards, that the pension is projected to provide.

So don’t turn a blind eye to pension provision – open your eyes and start planning for an enjoyable retirement! Have a great week!