Directors pensions looks at the retirement options open to people who are directors of businesses
Directors live right in the middle of the swirling cacophony of the daily functioning of a business. From high level strategy to the more mundane aspects of running a company, the demands on a person’s time, energy and concentration can be high. It is perhaps unsurprising then that many directors expect to be rewarded for their efforts with a healthy income in retirement.
Without active interest and participation, however, this is not always the case.
To some extent, the reluctance of many people to pour money into a pension was understandable as many pensions were inflexible and did not offer value for money. However, thanks to the recent pension reforms and options such as stakeholder pensions introduced in the last few years, those retiring in the future could have much brighter prospects. This is particularly true for directors of companies.