The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is no guarantee of future results.

Pension definition

A pension is a long-term savings scheme that involves putting money away, whilst employed, for retirement. Regular amounts put into pension schemes build up over time and then provide an income, and potentially a lump sum, once a person reaches a certain age.

Pension definition

A pension is a long-term savings scheme that involves putting money away, whilst employed, for retirement. Regular amounts put into pension schemes build up over time and then provide an income, and potentially a lump sum, once a person reaches a certain age.

There are several types of pension scheme, some of which are run by employers and some which can be set up by individuals. There is also a state pension provided by the UK government. Pension schemes from employers include defined benefit pension schemes and defined contribution pension schemes.

IG Smart Portfolios

Invest in an expertly managed portfolio, at a fraction of the cost of traditional wealth managers and independent financial advisors (IFAs), with an  IG Smart Portfolio.

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - Y

See all glossary trading terms