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Services Commission, January 2014 About Just Retirement Just Retirement is a specialist provider of financial services products for people at, and in, retirement. We are the leading provider of enhanced ... access to financial intermediaries Increased numbers of DC pension customers are in or approaching retirement. The key to delivering resilience depends on policy measures that ensure these people are encouraged
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communities. What difference to your life has volunteering made to you? I started volunteering after I retired from a busy career and it has given me a focus. It also makes me feel good to contribute to my local
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Commission summit events • All those who wrote provocations for the summit events: BlackRock, Just Retirement, Mercer, the Resolution Foundation and Toynbee Hall. The provocations are available online at: ... Introduction 06 Emerging themes 10 What is financial resilience? 14 Approaching retirement 18 Decision-making in retirement 24 Staying in control in later old age 32 Recommendations: information, advice
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the workplace so they can become more financially resilient and develop a more financially secure retirement. The event heard that older workers could play a significant part in addressing some of the
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Key points and recommendations It is of great concern that the Financial Conduct Authority’s Retirement Outcome Review suggests that many savers are deriving sub-optimal outcomes from their pension pots ... of people appear to be cashing in their savings or failing to shop around when they purchase a retirement income product, which is unlikely to be in their best interests. The long-term impact of freedom
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an effective method of improving older workers’ resilience and helping them to prepare for their retirement. Reasonable adjustments Helping older workers by making changes to the workplace is mutually ... a health condition, or winding down to retirement. As State Pension age rises, individuals are faced with more caring responsibilities, and a cliff-edge retirement becomes less common, flexible working
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financial services industry, and other stakeholders to begin considering how to improve outcomes in retirement. We support a single rate of tax relief for all pension savers. This should be marketed as a ... would be a significantly reduced incentive for consumers to make their pension last into their retirement. Reforming tax relief is not a magic bullet to enhance engagement with pension saving – to achieve
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group in across all parts of the employment cycle. However, this was undermined by the Default Retirement Age – an anomaly contained within the legislation allowing employers to force people from their ... positive changes across most aspects of the employment cycle. • The existence of the Default Retirement Age has restricted any potential for positive change. Age UK is optimistic that following its abolition
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contribution pension pot. The Government also proposes to guarantee that individuals approaching retirement will receive free and impartial face-to-face guidance to help them to make the choices that best ... the person not the pension pot; help people manage their savings safely over the whole of their retirement, not just at outset. Consumers should be proactively encouraged to take up the offer of guidance
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financial matters most need to be enhanced? Where is the detriment most prevalent and most material? Retirement is a key area of personal finance where consumers’ awareness and understanding need to be enhanced ... UK. The retirement issues centre on: Saving enough for retirement Making sound decisions at the point of retirement, and Managing money well throughout the whole of one’s retirement. Age UK
