These days, we are living longer and longer and we have a reasonable expectation of surviving our retirement by 20 or 30 years. This is an extremely long period of time not to be earning, and so you will require a substantial fund of money to keep you in a reasonable lifestyle.

The decisions you make about your pension may affect you for the rest of your life, and choosing your pension arrangements may be the most important financial decision you ever make.

This is a huge subject, and rather than try and cover the full detail of it here, we will examine the factors that may affect the type of pension arrangements that may suit you best in our in-depth Pension Guide.