According to a new survey from Moneyfacts, returns from personal pensions have plummeted over the last decade.
Every worker knows how important it is to save for retirement, partly because the UK’s aging population is placing an ever-greater strain on the State pension system. In an ideal world, we’d all be members of low-cost or no-cost company pension plans, with our employers chipping in extra money on top of our personal contributions. Alas, this world is far from ideal, so millions of us must plan for retirement by paying into our own personal or stakeholder pensions….