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Explained in plain English

Will my pension run out?

The new Guided Retirement scheme aims to provide a default income that lasts for life. This means your pension savings would be managed to pay you a regular income for as long as you live, rather than a fixed pot that could be exhausted. It offers more certainty than some current options.

Stories that explain this

Millions of Private Sector Workers to Get Default Pension for Life

Related explainers

How big is UK pensions? Why change private pensions? Can I still choose? How many people are affected? What are the other options? Why does aid run out? Why does content run out? Could schools run out of money?

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