Live fast, drive faster die In a fireball on the nurburgring = no pension needed.
Only trying to lighten a complex subject.
I don't know much about pensions but..
At the company I work for every person than was 'secure' in the final salary pensions all received a letter about 2 weeks ago forcing them onto an average salary pension. How this is possible I don't know?
Pensions on the face of it seem overly complex and full of danger. I don't like the thought of entrusting someone else to look after my money for 35 years. I know a bank is 'someone' else looking after your money but its different as you have immediate non contractual access to it.
For me pensions and long term investments are not something I will be paying much mind to until I'm 30. It will probably be investment into property anyway.