Listen again to the recent Workplace, Savings and Benefits webinar we recently supported, which looked at how employers can make their at-retirement strategy work.
Pension freedoms were announced in April 2014 and implemented in April 2015. Within three months of implementation, more than £2.5 billion of payments had been made to pension customers, either as cash lump sums or draw down payments – and the number of people using these flexibilities has increased substantially since then. Yet, the freedoms have given pension scheme members a huge amount of choice about what they can do with their pension.
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Simon Thorpe, Head of Johnson Fleming Future Life Planning helps WSB to look at how employers can make their at-retirement strategy work in a post-pension freedom world. In particular, the webinar reviews:
- The pros and cons of income drawdown – and whether employers should actively offer such an option as part of their scheme
- To what extent do employees need more help to understand their options at retirement?
- Should good employers be doing more to help staff?
- The need for ongoing communication with employees into retirement
- The changing role of annuities
- How can scheme members mix and match retirement products?
- How can employers stop people sleepwalking into at-retirement decisions?
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Access the webinar now