Retirement can be costly, especially as people are spending a higher proportion of their adult lives retired than ever before. As a result, it will be important to plan ahead if a person wishes to have the retirement of their dreams. According to one expert, the solution is to look towards a workplace pension arrangement as this is likely to hold the key to financial success.
Ms Green added: “If you are employed, your employer is contributing, you are contributing, then you are also getting money from the Government.
“You’ve got a lot more free money there to take advantage of for your pension and retirement. Take full advantage.”
However, there is a whole other category of Britons – those who are not able to benefit from auto-enrolment.
Certain individuals are self-employed, or might not meet the auto-enrolment eligibility criteria for whatever reason.
This does not have to be a problem, however, and Ms Green explained the actions these individuals should be taking.
She continued: “If you can’t get auto-enrolment, seek out options to start a personal pension for…
