The new retirement journey

In this IIL financial services lecture Michelle Cracknell discussed how changes to society, changes to legislation and behaviours have affected the retirement journey. She drew on the insight that The Pensions Advisory Service (the Government's public service for pensions guidance), has on customers.

People are living longer, moving jobs more often and have different expectations on what they expect to do in retirement. The big question is what can people afford to do. the State pension has been set at a level that provides people with sufficient income to be above the benefits threshold but, for many, will not be sufficient to provide enough money to fund the retirement they want.

The pension legislation has been changed over the last 20 years switching the responsibility from the State and employer to the individual. The individual now has responsibility to decide how much to save, where to invest and how to take benefits.

Peoples in their 50s today probably see their parents living a comfortable retirement. The picture may be different for them unless they take an active interest in retirement planning. What can be done to get people to think about retirement?

By the end of this lecture members will have gained an insight into:

• Understanding the changes to society and the implication on pension planning
• How the changes in pension legislation has shifted responsibility
• How people are reacting to the changes to the pension landscape
• What more needs to be done

Chair:
William Sallitt FPFS, Associate Partner, Chartered Financial Planner, TEP.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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