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Bank charges: The sooner you start a pension, the better, expert claims

People having trouble with bank charges may want to think about starting a pension because the sooner they do this the better.

That is according to Robin Ellison, partner at Pinsent Masons, a law firm that helps consumers create and sustain value, resolve issues and fulfil commercial objectives.

Mr Ellison claims that most people will have to work for longer, but possibly in a part-time position that is less strenuous that than a full-time role.

He was explaining how people can make the most from their retirement on a small pension.

"Most of us are going to have to work longer, perhaps in a part-time job with less stress. The [sooner] we can start the pension, the better value it can be. And if we can shop around to buy an annuity that is even better," he said.

LV= recently revealed that 14 per cent of Brits are hopeful that their dream home will become a reality during their retirement.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

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