The Big Red Button – Join the Debate
Overview
Solving the Challenge that is Small Pension Pots. Your input on this important debate is essential to drive a market-led solution.
The Big Red Button – Small Pots Roundtable
You could have joined your workplace industry peers, specialists and regulators to see if we can hit “The Big Red Button”. If you read to the end and you’re desperate to come, there’s a chance I can help!
Agenda below.
Speakers
Event Chair – Andy Cheseldine
Samantha Seaton
Kevin Wesbroom
Gail Izat
Helen Dean CBE
Chris Curry
I think this may be sold out, I haven’t been asked to post the link again but I hope you had the foresight to hit the red button.
Small pots aren’t the most important part of pension reform but they have their own section of the Pension Schemes Bill and let’s hope that the Bill turns Act and the Act turns into Action.
I’m going to this event this afternoon because I’ve had a peripheral connection with the subject as a blogger since it first became obvious that small part were a pain for ordinary people and a pain for pension providers. I think it predated the advent of pension freedoms, announced in 2014.
But for many people, the alternative to having their small pots is to lose contact with their pots and it’s estimated that there are £30bn of lost pots floating about. They should of course appear on the Pensions Dashboard but the Dashboard does not give people a way to staple small pots to bigger pots to get one pot defaulting to a pension (the proposal for people who don’t take decisions about pensions).
Today should really focus on the people who don’t hire advisers and don’t much about pensions other than they are mysterious money that will get paid to them at some point.
Richard Smith has sent me this as his contribution (he can’t be with us this pm)
chat with Richard Smith!
I know Sam Seaton and it’s for her that I advertised the red button a couple of weeks ago. My company, AgeWage, did some testing on the idea that she has to get small pots to come together and my colleague Aron Maus, who understands the technology (I don’t) will be about this afternoon.
Meanwhile the speaking line up looks like an august group of mature pension people who like me have yearned for a solution to this problem,
The idea now is for people to stop squabbling and get behind Sam, the latest of many who have pushed for a solution. Hats off too to Maurice Titley and Kim Gubler and the evergreen Andy Cheseldine who probably has more experience of this not happening than anyone. That is not a criticism, Andy’s kept the flame alive.
If after all that, you find yourself in the City of London at 2pm today and with yourself free, you might like to contact me and I’ll see what can be done to accommodate you.
Henry@agewage.com 07785 377768.
