Poor decisions are leaving the oldest workforce generation vulnerable
It seems that employees are expressing their concerns more and more frequently about their savings – or lack of: from the younger generations worrying about saving for a house, to the families squeezed by care responsibilities on all sides.
But as these concerns preoccupy the younger workforce, the impact is starting to be seen in the older generations who are preparing for retirement.
With the freedom and choice on the table when it comes to today’s DC pension pots, examining your options at 55 is no longer sustainable for many: and a lack of workplace support is leaving many employees incredibly vulnerable to making poor decisions at-retirement.
Ian Dearnley, new business manager at financial education, guidance and advice provider WEALTH at work, will be addressing the Reward Live audience this week about this very problem: examining findings from the company’s latest pension research and discussing the importance of providing a full retirement income service for your employees to help them make informed decisions.
Ian will be speaking at 12.30 on Wednesday 10th May at Reward Live
Reward and WEALTH at work are blogging about financial education, savings and retirement options. FOLLOW THE SERIES HERE