The ideal plan is to do a bit of everything - a pensions plan, a savings plan and property, although not everyone can afford that

A workplace pension, a pension which is supported by an employer, is still generally the best way of saving for old age

This is because an individual's own contributions will be topped up with extra payments from the employer

If you have an opportunity to join such a scheme, this is not something you should set aside lightly

It might be the best thing you could do

While there have a number of disaster stories, with workers losing great chunks of their pensions, the vast majority of people probably have nothing to worry about

And the government's new proposed compensation scheme should provide greater security than has existed to date