Malcolm Mclean
Media playback is unsupported on your device

What do pension terms really mean?

Pensions are very complicated and the language used to explain them can add to the confusion.

This means that people make the wrong decisions about their pension - which can leave them vulnerable when they retire.

To make things easier, the government is issuing a new language guide for pensions.

Pensions adviser Malcolm Mclean explains what some of the more obscure pension terms really mean.

  • 20 Jul 2011
Go to next video: Number crunching public pensions