With the recent introduction of new government guidelines on pensions, there’s never been a better time to start looking at how to fund later life. The reform includes a new flat-rate state pension worth an estimated £144 per week in today’s money, to provide the UK’s elderly with ‘the minimum’ they will need. If you’re in your 20s, you may feel too young to be thinking about retirement, particularly with the government’s plans to bring the state pension age to 66 by 2020 and 67 by 2028. However, the reform has been established to put more responsibility on the individual...