FT Guide to Saving and Investing for Retirement

Preface

‘An investment in knowledge pays the best interest.’

Benjamin Franklin

Why did I write this book?

One of the biggest risks many of us face in modern society is running out of money after retirement. This might be nothing less than a personal tragedy. People may work their entire life, accumulating wealth for a comfortable retirement, just to discover it is insufficient. And they realise it when it is too late to do anything about it. Minimising this risk is this book’s foremost objective.

The meeting of a long-term trend and a recent development in the UK was my motivation for writing this book. The long-term trend is the diminishing defined benefit (DB or final salary) pensions and growing defined contribution (DC or money purchase) ...