Moss and Company offer advice and provision of a range of pension products for companies and private individuals.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Personal pensions are defined contribution pensions. You choose the provider, who invests the money you pay in and gives you an accumulated sum on retirement - with which you can buy an annuity or go into income drawdown.
Since April 2015, you've also been able to withdraw as much of the money as you want when you reach 55, although it is taxed as income.
Stakeholder pensions are also a type of personal pension. They work in a similar way, but they have to conform to certain government standards, such as low and clear charging structures.
If you don’t have a company pension, personal pensions can be a good alternative way of saving for retirement.