With retirement planning, it is important to take into account the fact we’re all living longer.
Couple that with the fact that the cost of living continues to rise and the value of the State Pension continues to dwindle, this provides a very strong case for starting to save early for your future. For appropriate investors, one option is a Self-Invested Personal Pension (SIPP). A SIPP is a wrapper for your pension investments and gives you control of your pension, whereas most members of a company pension scheme have very little control and almost no idea where their pension money is invested.