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21 st Century Schemes Deciding on the right scheme design for your members

21st Century Schemes – Deciding on the right scheme design for your members

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Page 1: 21st Century Schemes – Deciding on the right scheme design for your members

2 1 s t C e n t u r y S c h e m e s

D e c i d i n g o n t h e r i g h t s c h e m e d e s i g n f o r y o u r m e m b e r s

Page 2: 21st Century Schemes – Deciding on the right scheme design for your members

P e o p l e h a v e a l o t t o t a k e i n t o

c o n s i d e r a t i o n …

Page 3: 21st Century Schemes – Deciding on the right scheme design for your members

W h a t d o e s g o o d l o o k l i k e ?

Page 4: 21st Century Schemes – Deciding on the right scheme design for your members

K n o w i n g e x a c t l y w h a t t h e y

h a v e t o d a y … .Age by pot value of active

members

Number of

members

13,760

Average

age

39

Total Pot

value

£567m

Average

pot value

£42k

Page 5: 21st Century Schemes – Deciding on the right scheme design for your members

… a n d h o w m u c h t h e y p a y Age by contributions of active

members

Page 6: 21st Century Schemes – Deciding on the right scheme design for your members

K n o w i n g w h e r e t h e y a r e o n

t h e i r j o u r n e y …

Beginning Middle End

Age by contributions of active

members split where they are

on their retirement journey

Page 7: 21st Century Schemes – Deciding on the right scheme design for your members

£0 £1,000,00

0

Projected pot size of members

at Retirement by Postcode

… a n d w h a t t h e y a r e o n t r a c k

f o r

Page 8: 21st Century Schemes – Deciding on the right scheme design for your members

8

H e l p y o u r e m p l o y e e s t o s e c u r e

t h e i r f i n a n c i a l f u t u r e s …

Page 9: 21st Century Schemes – Deciding on the right scheme design for your members

. . b y e m p o w e r i n g i n d i v i d u a l s t o

m a k e g o o d d e c i s i o n s …

Page 10: 21st Century Schemes – Deciding on the right scheme design for your members

E A S TEasy Attractive Social Timely

… t h r o u g h E A S T c o m m u n i c a t i o n

Page 11: 21st Century Schemes – Deciding on the right scheme design for your members

Te c h n o l o g y c a n h e l p …

Page 12: 21st Century Schemes – Deciding on the right scheme design for your members

F i n a n c i a l t e c h n o l o g y i s

b e c o m i n g m o r e p e r s o n a l i s e d

Page 13: 21st Century Schemes – Deciding on the right scheme design for your members

“Hi Alexa, how should I save for

my pension”?

P e n s i o n t e c h n o l o g y n e e d s t o

b e c o m e m o r e p e r s o n a l i s e d

Page 14: 21st Century Schemes – Deciding on the right scheme design for your members

E m o t i o n a l c o n n e c t i o n i s n e e d e d

f o r p e n s i o n s av i n g s s u c c e s s

Page 15: 21st Century Schemes – Deciding on the right scheme design for your members

I ’ d l o v e t o h e a r f r o m y o u

Lydia Fearn Head of DC & Financial Wellbeing

[email protected]

020 3463 8050

@fearn_lydia

in/lydia-fearn

2-6 Austin Friars, London EC2N 2HD Telephone : +44 (0) 20 7250 3331 www.redington.co.uk