The Pensions and Lifetime Savings Association today published its latest Made Simple Guide on ‘at retirement services’ to help pension schemes understand the new choices facing savers following the pension freedom reforms and identify where schemes can provide help and support.
The new guide, sponsored by WEALTH at work, was published earlier today at the Pensions and Lifetime Savings Association Trustee Conference in London.
Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, said:
“The pension freedom reforms dramatically reshaped the at retirement landscape for savers in defined contribution (DC) pension schemes and, whilst the reforms have been broadly welcomed, there is no doubt that the decisions savers now face at retirement are more complex than a year ago.
“It’s not just savers who find themselves in new terrain. Employers and trustees are also witnessing their roles change and new challenges emerge as they continue to provide a workplace pension scheme and support scheme members. That’s why in association with WEALTH at work we have published this Made Simple Guide to help pension schemes understand the new choices facing savers following the pension freedom reforms and identify where schemes can provide help and support.”
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace, commented:
“Few could have imagined the breadth and scale of the changes to our pension landscape announced in the Budget of March 2014. The challenges and choices facing all those with DC schemes approaching retirement are complex, and we are pleased to have partnered with the Pensions and Lifetime Savings Association to develop this Made Simple Guide which explains to employers and trustees, clearly and simply, how they can support their employees in the midst of the growing unpredictability of retirement.”
In June 2015 the Pensions and Lifetime Savings Association and WEALTH at work announced the launch of a new financial education service designed for pension schemes to offer their members as well as individuals approaching retirement.
PDF versions of this Made Simple Guide are available to download FREE from the Pensions and Lifetime Savings Association website. Each guide (hard copy) costs £18 for members and £35 for non-members. They can be ordered online at www.plsa.co.uk.