Telegraph Money explains how auto-enrolment pensions work, the eligibility criteria and what’s involved in the enrolment ...

That’s how traditional pension plans, also known as defined benefit plans, work. Read Next ... 4 Genius Things All Wealthy People Do With Their Money These plans used to be a common benefit ...

How does a pension work? A pension works like a long-term savings pot specifically designed for your retirement. The main goal of a pension is to provide you with an income when you stop working ...

Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be ...

But you need to start saving into a pension as early as possible so your money has a better chance to grow. This tool will steer you through some of the jargon, explain how things work ...

This typically means that if you leave the job in five years or less, you lose all pension benefits. But if you leave after five years, you get 100% of your promised benefits. Graded vesting.

A defined benefit plan is a retirement account for which your employer does all the work, including ponying ... basic kinds of defined benefit plans: pensions and cash-balance plans.

Modern work pensions are essentially cheap investment products provided and subsidised by employers. At a time when money is tight, it's worth exploring what they can do for you - including some ...