Public sector pensions are in a deeply worrying position: poorly funded, backed by a government which is cracking and facing the threat of increased longevity. So, should you shift your public sector pension to a Self Invested Personal Pension (SIPP) and what are three red flags you should know about now, before it's too late?
Trainee firefighters in the UK are offered visits from ‘pension experts’ – HR employees whose job it is to answer the questions they might have about their retirement savings. It’s a risky job. Firefighters have been deeply unsatisfied with their pensions since a law change in 2015 sent their retirement age up by ten years and altered the type of benefits they would receive when that date finally arrived. These ‘pension experts’ are well qualified to tell firefighters why they won’t be much worse off under the new scheme. What they seem less sure of is where the money they…
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