Planning for retirement was a relatively straightforward affair when today’s pensioners were still in the workplace. But the rules have changed – and if you don’t keep up, you risk losing out.
In the past, retirement would usually start at state pension age and likely last for a matter of years, rather than decades. It would be funded largely by final salary schemes and the state pension.
Things have changed dramatically in recent years. What does retirement mean today, and how can savers prepare accordingly?