Pensions calculator, features and guides - MSN Money UK

Picture this: You've worked hard all your life and dutifully saved into a pension. You are now in your late 50s and looking forward to retirement. But then you receive a letter from the managers of your pension fund - and your dreams are shattered.

Your fund has plummeted in value along with the stock market. Worse, there might not be enough time to make up the losses before you retire. It's a nightmare scenario, but it is a reality being played out in many homes across the country.