Defined benefit pensions explained

People assume pensions are “saved money” — a pot with their name on it, safely invested for the future. They aren’t.

In this video, I explain how UK pensions actually work, why defined contribution pensions are inherently risky, and why most pension money fuels speculation rather than real investment.

I look at the state pension, defined benefit schemes, and defined contribution pensions and explain who really benefits from the current system, why it is unjust, and why reform is now unavoidable.

This is not pension advice. It is a political economy explanation of why pension insecurity is being built into the system by design.