Data collection: Creating Financial Security for the Next Generation of Pension Savers

financial security

“Many working-age people may not realise just how much risk they are facing when it comes to ensuring financial security in retirement.” – Jonathan Cribb Becoming a data-led and digitally enabled industry is more important as we begin introducing the newest generation to pension saving. The shift towards a predominantly defined contribution (DC) industry has…

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Trustees must not lose focus on protecting savers from economic volatility

Signs of recovery within some financial markets have emerged following last year’s economic turmoil; with the average loss in pension since the UK Government’s ‘Mini-budget’ being 4%, Trustees should remain focused on protecting their savers from economic volatility. Recent months have seen UK equities balance in value, but rising interest rates and high inflation continue…

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Supporting DC Members

Amongst concerns that the value of some defined contribution (DC) pots has fallen, The Pensions Regulator (TPR) released a statement in January 2023 stating that savers must be supported during economic volatility. With the rising cost of living, savers under financial stress may be more susceptible to pension scams and fail to make long-term decisions…

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Combatting Pension Scams using Communication

With the rise of pension scams, understanding the risks and communicating them effectively is crucial for prevention. As we move further into an age of online presence, the need for active scam awareness is growing. How significant is the issue? “Cyber attacks may be the biggest threat the financial sector faces today” – JP Morgan…

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