We look at how DC plans and employers can support scheme members; the different options available and how they can be used in the most effective manner.
In his recent Mansion House Speech, Chancellor Jeremy Hunt announced a raft of pension initiatives and updates on ongoing consultations.One of these announcements was the next stage of the review - Helping savers understand their pension choices: Supporting individuals at the point of access.
This is a hugely important topic because decisions made by individuals accessing retirement savings determine their entire financial future, including whether they will need to ‘un-retire’ a few years down the line.
During this webinar - chaired by Samantha Downes, editor of Pensions Expert - we will look at how DC plans and employers can support scheme members; we will discuss the different options available and how they can be utilised in the most effective manner.
Steven Leigh, senior partner and head of DC, Aon, will be sharing insights on the latest trends and why these are being adopted.We are also delighted to welcome Dianne Day, a professional trustee from IGG and Martin Banerjee, a chartered financial planner from Origen, who will be sharing their experiences on how trustees have been supporting DC savers reaching retirement and the areas in which individuals typically need most support.
There are also wider considerations having an impact on DC savers at the point of accessing their pension pots:
Ongoing cost-of-living challenges are causing individuals to reduce expenditure in many different ways. Is this starting to bite for DC saving contributions? Are savers approaching retirement accessing their pension savings too early? Do they understand the implications of this and will they end up remaining in the workforce beyond their planned retirement age through financial necessity?
Typical DC default investment performance has been positive over 12-month periods for the last 20 years, but through the turbulent markets of 2022 many individuals will have noticed their pension savings reducing in value for the first time. How are savers reacting? And what can schemes do to better engage and educate their members on today’s actions and future implications?
Our panel of experts will be giving their views on these topical matters.This 45-minute webinar is free to attend for all pension managers, trustees, HR finance professionals, and those who have management involvement in their organisation's pension scheme.We very much hope that you can join us for this engaging and insightful discussion.
