If you are like most people, you want to be in a position to be able to rely on more than just the state pension for your retirement.

Less than £100 per week for most people from the state pension does not go very far.

The personal pension is a good way to get a lump sum when you retire and then an income for life that allows you to live far more comfortably than on a state pension alone.

It is important to note that having a personal pension does not affect you ability to get a state pension.

A Personal Pension is basically what is called a “money purchase arrangement.” What this means is that you regularly pay into your pension policy and your money is invested on your behalf into different types of investments such as stocks and bonds.
 
You policy can be invested into a whole range of different types of assets both in the UK and abroad.

Where Can I Get Them From? 

You can get personal pensions from a variety of financial institutions including high street banks, insurance providers and of course pension companies (the most common source).

Your are unlikely to come across Personal Pensions on price comparison websites.

They can be some of the most difficult to understand financial products so we hope to make things as simple and jargon free for you as we can!