Sabeen Purewall’s Post

Are your employees worrying about their future retirement finances? A recent survey has found that A fifth (20%) of UK employees aged 40-60 said worrying about their future retirement finances is affecting their ability to work, Information is power—arm your employees with the information they need to make confident decisions about their retirement finances. 💪 #Pensions #Retirement #RetirementPlanning

Under a traditional model, American workers were said to be able to rely on three sources of income to fund their lifestyle in retirement: pensions, Social Security and personal savings. Over the past few decades, however, what experts once called the "three-legged stool" for retirees has gotten wobbly. While many public sector workers still have access to a pension plan, private sector companies have all but eliminated them, shifting the burden onto employers to save in workplace-sponsored retirement plans. Just 15% of private industry workers had access to a pension in 2022, according to Bureau of Labor Statistics data.

The amount of income needed for a basic retirement has increased by 60% due to the cost of living crisis we all have experienced over the last three years. It is important to review your Workplace retirement benefits annually and to increase your contributions annually as well to ensure that you take advantage of investment growth and this will help to build a good retirement fund. We can help employers with workplace benefits review and delivery of member presentations and communications to support your workforce. Pension pot amount needed for ‘basic’ retirement rises 60% in three years #EMPLOYERS #Retirementlivingstandards #Pensionattention

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options

In a series of questions about retirement priorities, 57% of women said income that is “consistent and stable” is important to them, compared with 45% of men. Another question asked whether income that is “guaranteed for life” (which could come from Social Security, pensions, or products like annuities) is important, and 52% of women agreed, compared with 44% of men. Here's more info on your guaranteed income options