Many people have a workplace pension already, where both the employer and the employee pay into the fund. From 2018, all employees will have to be offered this option, but some may want to opt out and others may want to arrange a private pension themselves.
How it works
When you start paying into a pension fund, the monies will be invested on your behalf to make the fund grow. A fund manager will manage your investments and they can include stocks and shares and other investments.
Some types of pensions will give you more control over the investments than others, so you...