Love him or loathe him, there is simply no escaping the whirlwind that is President Trump v2.0. It seems that our world now has its foundations laid so deeply in a global, capitalist bedrock that it is perhaps inevitable that the chaos whipped up from a Presidential decree has impacts on our financial structures - not least our pensions. This article outlines how the workings of the UK pension system are impacted by the turmoil following Donald's diktats and identifies some areas which may be more immune.
And, for many, pension saving involves making decisions including:
-
How much should I save - this is a crystal ball question. There are various rules of thumb that have been suggested, but I have tended to like the simplistic message that if you are saving at least 15% of your earnings towards a pension over your working life, then you are likely to fare well
-
How should my savings be invested - do you feel confident in choosing complex investment schemes, or would you prefer a generic, low-cost option? Does your investment profile have to change as you approach retirement?
This is a preview of subscription content, access via your institution
