Trustnet Direct Retirement Programme | Page 7

Planning for retirement 8 Fraud: A word of caution 9 Why are pensions suddenly interesting? 10 Living longer 11 Reduction in support from government and employers 12 Pressure to make your own provision 13 Low interest rates 14 Why invest rather than save? 15 A look at history 16 “Compounding: The 8th Wonder of the World” - “View your retirement plan like a farmer views his crops. You’ll need to plant enough seeds and grow them, for these crops will need to be harvested and provide for your autumn years.” Albert Einstein 17 Why risk can be your friend 18 Volatility explained 19 Types of pensions 20 Defined benefit/final salary pensions 21 Defined contribution/company pensions 22 Auto-enrolment and workplace pensions 23 Stakeholder pensions 24 Self Invested Personal Pensions (SIPP) 25 The state pension 26 Aggregating your existing pensions 27 Limits to your pension 28 What to do sections: 20s & 30s, 40s, 50s and 60s 32 Your retirement plan 33 Target date funds 34 Online tools to assist you Page 7