What do pension terms really mean?
20 July 2011 Last updated at 07:09 BST
Pensions are very complicated and the language used to explain them can add to the confusion.
This means that people make the wrong decisions about their pension - which can leave them vulnerable when they retire.
To make things easier, the government is issuing a new language guide for pensions.
Pensions adviser Malcolm Mclean explains what some of the more obscure pension terms really mean.