[behringer]

A pension is a personal savings. Back when pensions were actually offered by companies, you'd often choose your company by not just your paycheck, but by the retirement plan they offer. You would literally turn down jobs that might pay better but offer no pension. If that's not saving your money, then what is?

[xkde]

Because pensions aren’t portable. They lock you into a particular organization. 401k, stocks, savings accounts, etc, do not. Pensions (in the private sector, public ones are another ball of wax entirely) do not protect you against inflation. You have no control over what they’re invested in (which in some cases, is the pension manager’s retirement). There are much better options available.

[walshemj]

You can move pensions and you can sack the manager and replace them as one of the biggest UK DB ones has done