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Long term savings like your pension are one of those things that we know are important, but which many of us haven鈥檛 even begun to think about. Well, that鈥檚 hopefully going to change after you hear this. Bea talks to Sir Steve Webb, a former government minister for pensions and current Head of Policy at Royal London. He really knows the ins and outs of later life savings, and so takes us through what they are and how we can get some, including explaining auto enrolment pensions. Elemi Atagolo is the CEO and founder of Finley AI, a voice activated financial planning app. He takes us through interest and why it鈥檚 so important for our later life savings. Bea also chats to Nick, who is 27 but already is already light years ahead with his later life planning. He explains how he got a grip on things even at such a young age.

For help, details of organisations offering information and support with issues discussed, are available at bbc.co.uk/actionline.

You can join the conversation with the hashtag #Money101Pod. Kalpana is on Twitter @KalpanaFitz, Steve is @SteveWebb1 and Bea is @beaduncan_. Nick can be found on Instagram @moneymedics.

The host is Bea Duncan. The producer is Renay Richardson. The assistant producers are Bea Duncan and Rez Marino. This is a Broccoli Production for 麻豆社 Sounds.