Save our elderly

This may be true, 10 years ago a £100,000 pension pot would buy you annual income via an annuity of £16,000 a year. Today with current annuity rates the same £100,000 may purchase you an annuity of £6,000 a year or less, that is a vast difference and the reasons stated by the insurance company

Changes are happening to SERPS.

SERPS or the state earnings related pension, is having a few rule changes from the 5th Of April this year. Previously when buying your annuity you had to allow for a 50% spouses pension, this will now no longer be the case. You will at retirement now have the option of how you wish to