I shall get straight to the point - I have not bought a pension plan. (Yes, I don't have one in spite of the ad which screams 'Get 1.5 crore pension on your 55th birthday'). And why do I not have a pension plan? It is not that I think that I can invest better than a pension fund manager (though honestly I can show you later why it isn't too difficult to beat the returns of a pension fund). The simple reason is that you have got a large number of options which could beat any pension fund hands down any day.