Self-employed workers tend to have lower levels of pension savings, and a greater reliance on the State Pension. Changes to thresholds may mean that some are at risk of losing their state pension.
Managing corporate pension scheme risk
Organisations with defined benefit (DB) schemes looking to reduce scheme liabilities, control the future cost of the scheme and give members access to flexibility in retirement are turning to Wren Sterling to help deliver large-scale advice projects.
During these exercises, it’s important to recognise that your scheme members will feel uncertain about how this impacts their future. Providing access to a qualified financial adviser will enable members to review their options, and receive a recommendation built on their personal circumstances.
Wren Sterling is used to working with large organisations across various sectors to ensure their scheme members understand their retirement options and can map a path that aligns with their long term financial goals. Recently, we completed the first stage of an exercise with a major pharmaceutical brand to provide advice to over 5,000 members, consistently beating volume and quality targets.