I don’t have a traditional pension for very good reason, almost every single one of my savings schemes invested with professional financial advisers over the past quarter century have tanked. We aren’t talking huge sums but enough to make me very leery of ever trusting traditional banks, pension funds or insurance companies to look after my money.
My “pension” is in my property and tangible assets that I own outright, I have no debt and a liveable income, I intend to make my assets sweat for me when I am too old to work and hopefully will be able to pass them on to my kids.
Anyone who has observed the shenanigans financial services industry over the past decade or more would need to be clinically insane to give them their life savings to look after. Quite apart from the fact that you are merely storing your cash in a convenient location for the government to confiscate when the time comes.