We will all face that far off day when we look forward to giving up full-time working. However how prepared are you to survive without the income your labours currently derive for you? A long term retirement plan needs to be considered, implemented, and regularly reviewed. The sooner a programme of saving is implemented the better!
What type of pension vehicle suit the circumstances? Is a bespoke arrangement needed, such as a Self Invested Personal Pension (SIPP); or a more straightforward Personal Pension; or even more basic Stakeholder Plan? Does a more sophisticated Employers Scheme need to be considered?
The two major factors that will influence the decision are charges, and investment performance.
Equally knowledge of State Provision is required. Be it the Old Age State Pension, Pensions Credit, or The State Second Tier Pension (S2P), and the impact of the Personal Pension Account in 2012. | 
