A pension plan is all about getting financially set up for the future and is geared towards achieving financial goals for your post-work life.
A savings plan, on the other hand, doesn’t have to be just about the long-term future but can take into account your short term goals, too.
Maybe you want to set a financial goal for next month or next year, rather than 30 years down the line. A savings plan is much more flexible than a pension plan, but can still give you good returns and help secure your future and your finances.