Decoding pension terms: Are you keen to use pension freedoms but mystified by the jargon? Are you still saving or getting ready to draw your pension, but mystified by the jargon involved?
Just what on earth do ‘UFPLS’, ‘decumulation’, ‘MPAA’ or ‘flexi-access drawdown’ mean – and why should you have to learn all this stuff just to get your hands on your own retirement savings.
Research has shown that while savers heartily welcomed pension freedoms launched in April 2015, they feel baffled and overwhelmed when dealing with the new choices opened up to over-55s of spending, saving and investing their retirement […]
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