This course was created by The Open University in collaboration with Legal & General. Planning your retirement is probably the most important aspect of financial planning for you to consider. Making the right decisions and building a sound financial plan can help to ensure that you have the quality of life in retirement that you aspire to. This course sets out the series of stepping-stones to a financially secure retirement. You’ll look at what you can do if your pension is not sufficient to cover your spending needs in retirement, and learn about the impact of divorce and bereavement on pensions and household finances. Course Learning Outcomes After studying this course, you should be able to: estimate how much money you’ll need in retirement understand how pensions – including the state pension – work and how much income they will offer in retirement understand the different options for taking money from pension pots and the pros and cons of each choice understand the options available should pension income not be enough to match your plans and lifestyle in retirement understand how events such as divorce and bereavement can impact your retirement finances and learn how to deal with them.