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Pensions handbook from Age Concern

Age Concern is publishing a new guide aimed at helping people to find out more about and make the most of their pensions before they retire.

The pensions handbook aims to make the jargon surrounding pensions clearer and to help people understand the range of different types of products on offer.

Age Concern hopes that by educating people about pensions it will encourage them to look at making more provision by contributing to a non-state pension ensuring a more comfortable retirement.

Only 44 per cent of the working population in Britain currently pay into a private pension, according to the Department for Work and Pensions, and the number is falling. With the guide, which is available from most bookshops, the charity aims to highlight the fact that it is crucial to act now to avoid hardship in retirement.

Age Concern England director general Gordon Lishman says: “It has never been more important to consider making and reviewing pension arrangements. Pensions and pension planning may seem like a minefield but it is worth actively exploring the options available to ensure a more comfortable later life.

“The pensions handbook aims to help people become more informed to make better decisions about their income in retirement.”

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