Phoenix Group’s Post

In our latest edition of DC Agenda, we provide a summary of the key legal developments in the DC space over the last quarter. This quick-reference overview of updates and actions is supplemented by its companion document, DC Practical Notes, which is linked in the agenda. DC Practical Notes is our quarterly thought-leadership report, offering trustees, employers, and providers of defined contribution pension schemes insights into current practices and our market-leading commentary on several key legal issues. In this edition, we explore: ◾ What does the new Government mean for DC pensions? ◾ Guided retirement: Retirement arrangements and partnerships ◾ Guided retirement: Is it all about the tax-free cash? ◾ Value for money framework: Our main points of feedback ◾ Pensions dashboards: What should trustees be doing right now? Download here: https://lnkd.in/eHP6ydHy #DCPensions #Pensions #DCAgenda

🌟 Introducing Our New Pensions Blog: Demystifying Pensions 🌟 Do you ever feel a little overwhelmed by the complexities of pensions? You’re not alone! That’s why Tammy Dimond FPFS Chartered FCSI wrote this very helpful blog. Demystifying Pensions is designed to break down the intricacies of pensions into easy-to-understand insights. We look at: 👩💻 The basics of pensions and how they work 👩💻 Tips for maximizing your pension savings 👩💻 Common myths and misconceptions 👩💻 Expert advice on planning for retirement Whether you’re just starting your career or nearing retirement, our blog aims to provide valuable information to help you make informed decisions about your financial future. Join us on this journey to financial clarity and security. Don’t forget to follow our page for regular updates and share this post with anyone who might benefit from it! https://lnkd.in/eFrEpZYd #Pensions #RetirementPlanning #FinancialLiteracy #BlueSkyFP

Do you have multiple frozen or dormant pensions that are gathering dust? Over the course of your career, it’s common to transition between jobs and employers, and with each move it's easy for a pension to be left behind. Having pensions in multiple places can be a headache to keep track of and make retirement planning a nightmare. At Bird Stewart, our advisors can help you navigate the complexities of pension planning, especially when dealing with multiple employers and pensions. Instead of worrying about what you have and where it is, we can help you locate and consolidate your old pensions into a single, manageable plan. All you have to do is get in touch! Phone : 0141 231 1196 Email : enquiries@birdstewart.co.uk #Retirementplanning #Goldenyears #Pensions #Privatepensions #Financialadvice

💡 Pensions Inclusion: Ensuring Diversity and Fairness in Retirement Benefits In our diverse world, retirement benefits must be inclusive. Pensions Inclusion is about ensuring every individual, regardless of background, has access to a secure retirement. It’s an opportunity for policymakers, employers, and financial institutions to help build a pension system that truly reflects the diversity of our society. In the following article, Daniel Fowler explores the key steps to Pensions Inclusion: https://lnkd.in/ez_gAvT9 #Pensions #Inclusion #Inclusivity #Diversity #PensionSchemes #Retirement #PensionsInclusion

🤝 Pensions Inclusion 💷 Great progress can be made with well thought out DE&I initiatives in the workplace, but what about in workplace pension schemes? Lots of food for thought in this area, including: 💡Is the scheme equitable and accessible to all members of the workforce? 💡Is the board of trustees representative of the pension scheme’s membership? 💡Are the benefits offered by the scheme appropriate for modern day family set-ups? This article explains more about the guidance Fieldfisher can offer on a range of issues around pensions inclusion 👌

🔮 With a general election on the horizon, what changes might we see in retirement planning? 🕒 Election years often bring shifts in pensions legislation—there’s always some tinkering to be done! So join me as Billy Burrows breaks down how shifting economic tides 🌊 could impact the pensions and annuities market. 🧐 Is now the time to secure your (or your clients’) financial future?  Check out the comments below for the episode links.

With the concurrent VFM, guided retirement and dashboards projects progressing at pace, there is so much going on in the DC market. We set out our thoughts in the latest edition of DC Agenda and DC Practical Notes #DC #evershedssutherland #guidedretirement #VFM

Three things pension leaders can do to boost EDI http://ow.ly/Ey9q105oOP9 NextGen - Pensions chair Matt Dodds says the pensions sector is at a "critical juncture" for equity, diversity, and inclusion (EDI) - noting that, while milestones such as the launch of The Pensions Regulator's 2023 guidance have helped raise much-needed awareness of this important issue, there is still a long way to go. In this article for Professional Pensions, Dodds says we need to see even more leaders and influential people stepping up to champion the benefits of diversity and pushing for progress on some of the barriers that still exist, often unintentionally. And he sets out three practical points to consider, starting with your own organisation. #EDI #Diversity #Pensions

How well do you understand your pensions? A report from the British Social Attitudes (BSA) highlighted a number of key points: -         60% of people knew little or nothing about private pensions. -         Most people expect to retire in their 60s, typically age 65, which is below the current state pension age. -         Informal sources such as family and friends were the most commonly reported sources of information about retirement and pensions. -         58% of adults reported low confidence in their knowledge of pensions, 28% stated that they knew little or nothing about pensions. This illustrates that there are a lot of people who need financial advice and those who believe they are well informed may not be getting the right advice. A qualified financial adviser can demystify pensions & investments to help you achieve your financial goals. At Meredith Morgan Taylor we tailor our approach to give you and your family guidance, support and expert advice for now and the future. Contact us today for an initial chat to see how we can help you. The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested. Planning for retirement: the pensions knowledge gap and attitudes to working longer | Phoenix Group (thephoenixgroup.com) Approved by the Openwork Partnership on 14/06/2024 #Financialadvice #Pensions

Top tip: Don't assume your client's pension records are accurate. We recently queried some gaps in service with a client and, in turn, she checked her records and raised a query with NHS Pensions. Through our expert analysis, we corrected these discrepancies, leading to some significant benefits ⬇️ #NHSPensions #RetirementPlanning #PensionManagement #NHS #PensionPlanning #IFA