Phoenix Group

It’s our mission to close the savings gap & help people prepare for the retirement they dream of. We want to drive meaningful and long-lasting change for better futures.

What’s a workplace pension? And, what if we increased the minimum contributions?

As the UK’s largest long-term savings and retirement business, we're here to help everyone achieve the retirement they want. Discover more> http://spr.ly/6047vAsZt

According to the Financial Conduct Authority, nearly half of UK adults (47%) show signs of vulnerability and may need extra support, but financial providers identify far fewer vulnerable customers, revealing a gap between those who could benefit from additional support and those actually receiving it. We're committed to helping everyone prepare for and live in retirement. So, to improve support, we've partnered with RBC Brewin Dolphin, Cowry Consulting, Just Group plc, Nationwide Building Society, & Royal London to explore how we can better assist customers in sharing their circumstances and receive the help they deserve.

Bruno Gardner Head of Climate Change & Timothy Fassam, Director of Public Affairs, discuss how the UK pensions industry could invest £1.2 trillion in climate solutions by 2035. http://spr.ly/6041v0aOS

It's been another busy year for Phoenix Insights, our longevity think tank. Through research, advocacy and public engagement they seek to help people across the UK to think differently about retirement. Read about the many highlights here > http://spr.ly/6048vJfgM

This year, we launched Future Growth Capital to support the objectives of the UK’s Mansion House Compact, which aims to get the UK’s largest pension fund managers to invest in fast-growing businesses. Future Growth Capital will help us to unlock investment opportunities in private markets to help savers benefit from the opportunities that unlisted assets can offer. Find out more here > http://spr.ly/6049QQ4r1 #investing #pensions

Catherine Foot, Director of our longevity think tank Phoenix Insights believes yesterday’s reports of a delay to the second phase of the government’s retirement adequacy review – the Pension Review, could be hugely detrimental to people’s financial future. She says, “In the next five years, the majority of defined contribution pension savers will enter retirement with less income than they expect or need, and this will worsen to a peak in the early 2040s*. “There are clearly some valid concerns around what increases to auto-enrolment contributions might mean for businesses, but that shouldn’t stop analysis and consensus-building on how and when we address the retirement crisis unfolding before our eyes. Increasing minimum auto-enrolment contributions is one of the biggest levers to tackle under saving, and we cannot afford to delay setting out a plan to incrementally raise contributions. “The adequacy review is a golden opportunity to look at the retirement landscape as a whole and prevent serious problems for individuals and the state in years to come. With the impending retirement crisis about to unfold, the review should not be kicked into the long grass.”

Shaping a better future means delivering good customer outcomes. A net zero economy by 2050 is absolutely core to that. We’re focused on reducing our portfolio risk and identifying opportunities from the transition. Scaling our actions to achieve real impact. #ClimateChange #Investing #NetZero

Will you have enough saved for your retirement? We’ve seen a dramatic increase in the average age of our population over the last century, meaning more people are living to older ages than was the case in previous generations. More time to do the things we want! Although, it’s having an impact on people’s retirement savings creating an ever-growing pension savings gap. But what is the pension savings gap? #pensions #savings #retirement