now:pensions is an award-winning UK workplace pension provider. Tens of thousands of workplaces, from lots of different industries, trust us with their workplace pensions. We look after the pension savings of millions of people like you. Our mission is to help everyone save for a more financially-secure future. We’re dedicated to helping our members achieve a retirement they can enjoy. And, by highlighting pension inequalities and campaigning for change, we’re fighting for a fairer pension system that benefits everyone. We are the UK's third largest auto enrolment pension provider by number of members. NOW: Pensions Ltd is a fully-owned subsidiary of Mercer Limited, part of the Marsh Group.
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Join Stephen Coates and Matt Gosden to explore why AI answers can be misleading for pension members, and what you can do to reduce the risk...
[Webinar] AI can sound confident, but confidence doesn’t mean correct. Our webinar on 16 July will explore how to evaluate, adopt, and use AI safely, while maintaining regulatory compliance and protecting pension scheme members. Register here: https://bit.ly/4b67zzv #AI #pensions #webinar
A new report from the World Economic Forum, developed in collaboration with Marsh, 'The Longevity Dividend: The Business Case for Linking Health and Wealth', argues that longevity should be viewed as a connected set of opportunities to strengthen both physical wellbeing and long-term financial security throughout life. The report also highlights the economic consequences of disjointed health and workforce policies, noting that a single year spent caregiving, combined with the effects of the gender pay gap, could reduce women’s retirement savings by as much as 24%...
What if three simple interventions could unlock trillions of dollars in economic value? Our latest report with the World Economic Forum explores the longevity dividend and finds that actions such as fall-proofing homes, increasing physical activity and expanding access to hearing aids could save healthcare systems more than $5.8 trillion and unlock an additional $645 billion in productivity gains globally by 2040. https://bit.ly/3SV5iRo #LongevityEconomy #HealthyAgeing #WEF
Daniel Godfrey has been appointed to the now:pensions Trustee Board and Investment Committee. He brings almost 40 years’ experience across the pensions and investment management sectors, with a focus on improving consumer outcomes, promoting responsible investment and raising advice standards. Speaking about his appointment, now:pensions pensions chair of trustee Joanne Segars OBE said: “Daniel brings a wealth of knowledge and experience from across the pensions and investment industry. His expertise will be invaluable as the pensions landscape continues to evolve, helping to further strengthen the trustee board’s governance and support our focus on delivering the best possible retirement outcomes for our members.”
Last chance to sign up for Pensions UK Policy Insights Webinar on Tuesday 30th June at 3pm. Featuring panelists Lizzy Holliday from now:pensions, Richard Williams from USS, Philip Brown, Head of DC, Master Trusts and Savings and James Walsh, Head of Membership Engagement at Pensions UK. The webinar will explore pensions policy, including the Pensions Commission Interim Report and what it could mean for pension schemes. Register here: https://ow.ly/SkiN50Zii6X
This article from Corporate Adviser on guided retirement highlights the importance of how trust-based schemes can support retirees with ready-made default options. It points to the latest report by the Pensions Policy Institute (PPI), “Designing Guided Retirement Solutions: Meeting Member Needs”, sponsored by now:pensions alongside other co-sponsors, outlining how the Guided Retirement framework will need to operate in order to provide a new and effective layer of support for individuals reaching retirement. https://ow.ly/3tQG50ZhsMb
'Closing the gaps: can flexible contributions make retirement savings more affordable', a new report by Pensions UK has been released today. The report contributes to the Pensions Commission’s work examining adequacy in retirement and explores a range of policy options, their impact, and how they’re perceived by employers and savers alike. Ultimately it highlights the trade-offs savers, employers and policymakers may need to consider as we work to close the adequacy gap. Read the full report here: https://lnkd.in/e7RMRTRX
When we talk to people about pensions, the message is consistent: they want to feel in control. In this video, filmed at this year's Accountex exhibition, we explore what that means for employers - from flexibility to good returns. #Accountex #WorkplacePensions #Pensions #Payroll #EmployeeBenefits
The Pensions Policy Institute (PPI), has launched a new report on Guided Retirement solutions, The report, “Designing Guided Retirement Solutions: Meeting Member Needs”, sponsored by now:pensions alongside other co-sponsors, outlines how the Guided Retirement framework will need to operate in order to provide a new and effective layer of support for individuals reaching retirement. Lizzy Holliday, Director of PA and Policy at Mercer’s now: pensions, said: “Guided Retirement represents an important step forward in supporting savers at retirement but there is further work to do to enable successful delivery. The report highlights how the risks faced by DC savers at retirement interact with key policy concepts. For example, the ‘default’ nature of the solution, regular income requirement, engagement and communications. We hope this report provides useful insights for government, regulators and industry - who are working hard to turn concepts into good outcomes for all savers.”
What is opting out? Let’s cut to the truth… Opting out is when you leave a pension scheme within one month of being enrolled by your workplace in most circumstances. #nowpensions #cuttothetruth #WorkplacePensions #OptingOut #PensionDefinitions
As an industry we are always looking for ways to improve our members experience, and this includes during transfers. We support the work of the group to investigate if open standards could provide better outcomes for members. This is especially important considering the potential increase in transfers under the small pot consolidator because of the recently passed Pensions Schemes Act.
Pension transfers are one of the most persistent operational challenges in pensions, sitting at the point where technology, regulation, administration and saver experience all meet. So, it’s encouraging to see master trusts coming together through #Pathfinder to explore how transfers can work better in practice. The challenge is one of scale. With Pension Dashboards, small pots, Value for Money and rising transfer volumes all increasing pressure on transfer infrastructure, it’s great to see master trusts leading the conversation on what needs to change and working together on shared challenges. #Pathfinder is a positive step towards better, more efficient transfer journeys for savers. Smart Pension now:pensions Nest Pensions People's Partnership