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In the latest #PensionsTalks we spoke to Helen Morrissey, Head of Retirement Analysis at Hargreaves Lansdown who shares her thoughts on the Labour government’s pension review, Budget speculation, and the need for auto-enrolment reforms. https://lnkd.in/ehsZuHy3 If you're interested receiving our newsletter, do get in touch! #pensions #investment #financialservices #savings

Pensions have been a big topic in UK politics for some time, nevermore so than in an election year. That’s no surprise to us given their crucial role in the financial security of millions of citizens, but not everyone is as interested and engaged in pensions as we are! Here’s a quick summary of why pensions have been at the forefront of UK politics in recent years. #Pensions | #Election2024

Do you feel like you are prepared for retirement? Let us know in the comments. "Pensions may be boring and scary and feel far away. But if this government doesn’t act, the current creeping rise in pensioner poverty will accelerate. I’m delighted they have committed to a review of adequacy in retirement, and hope they have the political will to make the changes we urgently need." Says Catherine Foot, Director of Phoenix Group Insights. Read more in this guest blog here: https://lnkd.in/eRTJGD5c #OlderPeople #AgeingSociety #Ageism #Pensions #Ageing

Workplace, or auto-enrolment pensions were of themselves a reform, an attempt to reintroduce some form of compulsion to retirement savings. https://loom.ly/EhV0UOU #autoenrolment #retirementsavings #workplace #auto #pensions #reform #retirement

I found this article particularly interesting because it offers insights into how the industry responded to the latest pension changes announced in Budget 2024. In his Spring Budget speech, Chancellor Hunt unveiled several alterations to pensions, including a reaffirmation of the commitment to the Triple Lock for the State Pension and adjustments regarding the concept of a 'lifetime' pension provider. Click on the link below to read the full article: https://postly.app/3TTP #Pensions #Budget2024 #FinancialPlanning #FinancialAdvisor

Confident I can be one of the next generation of advisers that really drives getting information out there for people to be more informed about their pension and later life planning. Lots of interesting points made in this article

Ok Wednesday morning rant on its way 😡 Is it rocket science to leave pensions alone in the October 30th Budget??? What is so difficult to understand around the real need to get people to take responsibility and fund their own retirement? This means encouraging them to do so. We have an ageing population, people are living longer, there is huge strain on the NHS and public services. It does not mean: 👉 shifting the goal posts again when to comes to pension rules ⚽🥅. Pension simplification, as we all agree, is the biggest oxymoron on the planet (even for those of us that ❤❤❤pensions eh Rhoda Mortimer DipPFS, Cert CII(MP)🥰). 👉 putting more burden on employers (proposed NI introduction on pension contributions). We already bear a big tax burden, thanks very much. 👉 capping tax advantages (not if you want UK individuals to use pensions as their main form of retirement planning). Talk of reducing the PCLS amount is just stoopid. And just think of the transitional protection that would have to be introduced as a result 🤦♀️I am going pale at the thought of all the changes to the Bespoke Training Solutions Ltd materials that we would have to make (like it feels we do every single flipping year!) We need pensions to stop constantly being changed (btw the Tories were just as much to blame for this, more as they have been in power for the last 14 years). Stop using it as a political football, this has serious repercussions. Pensions need to be simple, the public need to be confident in them to use them. These shifting rules do the exact opposite of this. So STOP DOING IT...🙏 Who advises governments on this subject?? Cos they obviously know nothing 🤣. I could do it for a modest fee 😜. And lets face it, could I do a worse job??? Imagine LT in the halls of power??? Admit it, its a scary but somehow appealing prospect eh? It just beggars belief - lets start a campaign LEAVE PENSIONS ALONE RACH! p.s. This is as excited as Peenie Todd gets on the subject of pensions 😻 #leavepensionsalone #bunchofmuppets #ilovepensions

The minimum age you can start accessing private pensions will rise from 55 to 57 overnight on 6 April 2028. This means people in their mid to late 40s and early 50s need to start planning ahead.

So it would appear to be all over bar the shouting...and a small matter of the actual election! However, that's about it for the hawking of policies and manifestos, and according to just about anyone with a view, the result is already decided. Regardless of your own personal allegiance or tactical choice, whichever way it does all pan out, it seems there will be an impact on pensions! Small 'fiddling' technical changes, or larger, strategic, policy-based moves around the 'triple lock', there are many views. But as the enclosed piece implies, with the next administration very likely being less dependent on the grey-vote, it's very possible the latter major shake up is coming... #pensions #financialservices #election https://lnkd.in/eYg3Ehwk

Find out how the outcome of the U.K. election last week may impact retirement plans, including thoughts on 'finally' getting pensions dashboards and what it means for pension investors if the U.K. is to become a 'clean energy superpower'...