Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.
What is an Illustration?
An illustration, in the world of pensions, refers to an example that shows you how your pension might work. The example might contain a set of hypothetical figures showing what your pension might be worth at retirement, depending on how long you invest for and how much you pay in.