Around 70% of people have no retirement plan, and most aren’t saving enough, says Joe Dabrowski, Deputy Director of Policy at Pensions UK (formerly the PLSA). Pensions UK sets the Retirement Living Standards, which outline the annual cost of a minimum, moderate, or comfortable retirement. Here’s our pension provider cheat sheet: https://makingmoney.email/pension-cheat-sheet 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉 Sponsors TaxZap - Do your personal tax return/self-assessment: https://makingmoney.email/taxzap Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - How much will you spend per year in retirement? 10:33 - What % of income do you need to contribute every year? 17:00 - Vanta ad 18:12 - How do you get the best returns? 24:00 - Should the government force you to invest in the UK? 29:31 - Will you get the state pension? 34:17 - Taxzap ad 35:26 - Should we get rid of the triple lock? 39:26 - How will pensions change in the next decades? 45:59 - Why can’t we make things better now? 55:32 - How are Pensions UK funded? 59:01 - What is at risk now?