The UK government desperately wants the British population to start saving more for their retirement in a bid to plug the pension black hole. But with recent events like the Equitable Life fiasco still fresh in mind - where, in some case, policyholders have seen the value of their pensions severely slashed - many people are reluctant to put away more money towards pensions.
Hardly helping in restoring people's confidence is the complexity of the pensions themselves. And for people wishing to move or to live overseas the added complexity could make even the most patient person to completely drop the thought of saving for retirement. But is it really that difficult? This is the second article out of two about how living and working abroad will affect you pension. Focusing on occupational and private pension arrangement, the rules and regulations differ immensely compared to State-paid pension benefits. Looking first at people choosi...
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