These days people tend to live longer than previous generations.
Your retirement should be something to look forward to – a chance to take up new hobbies, spend more time with family or friends or travel the world – not worry about how to make ends meet.
It’s never too early to start planning for your retirement. Scottish Widows, who are part of the same group as us, are pensions experts and have lots of information and handy tools on their website. Find out more
You can also find guidance on retirement planning and budgeting from the Money Advice Service website.
Investments could also help you to achieve your long-term goals, whether it's early retirement, a holiday home, or just making sure you'll have enough income when you retire.
As a starting point, it's worth thinking about:
Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested.
If you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.