Pension Funds and Life

jobs: Our lives have changed so much that research suggests that average workers will have 11 different jobs during their life, according to The Guardian. As they move from one employer to the next, they build up new pension funds. Whereas once many workers could expect to spend their whole career in the same company, now they shift from one to the next as better opportunities present themselves, redundancies force movement or they opt for a change in direction. But, for many, when they leave a job, those same funds are left behind. Many will only wake up to their importance when they approach retirement, at which point panic sets in which is why close tabs should be kept on them today. As the government is now forcing employers to offer workers a company pension, it is expected that soon the UK will be awash with millions of stranded pensions where people lose track of what they have built up. ( As reported in the news.

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