Where: Webinar - Link will be shared with registered delegates on the morning of the event
Registration: 10:55. Timings include a lunch break.
Event registration closed
Price:
Free. Please register before bookings close at 17:00 on Monday 3 May 2021.
This event will be delivered as a live webinar. Register before bookings close at 17:00 on Monday 3 May 2021.
Since the launch of automatic enrolment in 2012, over 70% of UK workers now own a pension. Although automatic enrolment is a highly successful nudge and an introduction to retirement savings, employee engagement is low and pensions are often prioritised after other financial needs. Covid-19 continues to highlight the challenges facing many savers who are juggling different priorities like rainy day savings and mortgage payments. Financially vulnerable customers face a choice between funding shorter-term needs and their retirements.
More consideration of how to support these customers will be crucial in the coming years. In light of the Government and regulators’ work on the customer journey and the treatment of vulnerable customers, it is timely to reflect on the industry’s efforts so far and discuss the challenges ahead.
These challenges sit in the context of the well-known need for workplace pensions coverage and contributions to increase if more savers are to achieve an adequate retirement income. The Pensions Minister has also restarted debate on using a pension to buy a home, and is seeking solutions for small pension pots accrued through automatic enrolment.
This event will specifically explore:
The future of automatic enrolment, including who’s not covered and how contributions should rise
Choices between saving for retirement, saving for emergencies and saving for a home
The industry’s role in improving customers’ financial wellbeing and supporting financially vulnerable customers
Helping reconnect people with lost policies and using dormant assets for good causes
Confirmed speakers:
Baroness Barran MBE, Minister for Civil Society, The Department for Digital, Culture, Media and Sport