People's Partnership

⭐️ 'New Choices, Big Decisions' series - Part 3 ⭐️ We follow up with how participants' lives have changed over the past 12 months. We want to understand how they feel now with the benefit of hindsight, about the choices they’ve made. The research found that people who used the new pension rules to take money out of their pension funds don't regret their decisions. They believe that spending the money on holidays, cars, home improvements, and family brings more happiness than receiving it as a ‘paltry’ income in the future. The research also shows that making decisions about pensions can be difficult. Having too much information can make things confusing and lead to people making quick decisions without thinking about the long term. the picture clearer – and can lead to some savers just deciding to take action without necessarily thinking about the long term. Check out the full report here 👉 https://bit.ly/4f5C1u5 #Pensions #NewChoicesBigDecisions #ThePeoplesPension

Our colleagues are passing on their knowledge on how to boost your pension 💰 Join in the conversation and let us know your tips in the comments 👇

📣 Calling all employers 📣 Our new research found more than a quarter of parents in the UK have at least one child with a long-term health condition, impairment or illness – impacting millions of families across the UK. For those parents: • Over half 53% of non-retired parents are not confident that they’ll have enough pension savings to live the lifestyle they want in retirement. • Just one in ten (11%) parents of disabled children feel adequately supported by the Government or charities in caring for their children. We're calling on employers to implement flexible working policies, internal support groups and leave policies that are similar to maternity and paternity policies, but for parents of disabled children, to better support carers in their careers. Read our latest research - https://ow.ly/Ku9l50Svgsl

Have you downloaded our new app yet? 📱 Take control of your pension with our new app, from managing your pension on the move, and checking your pension pot value, to getting expert help when you need it. Plan your future on the move - Download The People's Pension app in both the app store and google play store now.

So great to see how you focus on saving for the future, but if you still need get focused when it comes to saving here are some tips to help you stay on track: - Set Clear Goals: Know what you're saving for. - Create a Budget: Track your income and expenses. - Automate Savings: Set up automatic transfers to your savings account. - Cut Unnecessary Costs: Find ways to reduce expenses. - Invest in your pension: Consider options that can grow your money over time. Your future self will thank you! 💰✨ #FinancialPlanning #SavingTips #FutureGoals

Let's recap on what happened at People's Partnership in July 👇 🎉 We launched our member rewards. 🗺️ We called on the new Labour government to provide a road map for pensions following the election. 🍔 We hosted our annual summer BBQ for colleagues. 🔀 We launched a new Pensions Transfer Outcomes Index which showed that UK savers could lose £1.2bn as a result of decisions made about pension transfers in just one year. 🐶 We hosted Paws in Work so our colleagues could take some time out of their day to cuddle some puppies. 🏆 We celebrated leading financial journalism and communications at Headline Money Awards.

⭐️ New Choices Big Decisions - Part 2 ⭐️ Following on from part 1 of our study of decision making at retirement, this report, created with State Street Global Advisors, further analyses the findings of the initial research, looking specifically at how your personality could affect your income in retirement. Identifying 7 distinct personality types among people who are accessing their pension pots under the new freedoms, and finds they are at unacceptably high risk of poor long-term outcomes. Our report calls for the industry to consider how best to support these types of pension savers in their decision making – to try to avoid people running out of money in retirement. Read the full report 👉 https://bit.ly/4bTwnrX

Nothing says workplace well-being like puppies in the office…🙌🐾 Paws in Work popped by the office today to give us some timeout from our desks to recharge with some fluffy friends! We had a paws-itively wonderful time ☺️💙 #peoplespartnershiplife #pawsinwork #workwellbeing

We've outlined what we think the nation’s new political leaders can do to make retirement saving fairer for savers 🙌 Read more: https://lnkd.in/eYPKdbdk

We’ve launched our member rewards so that they can get a little treat now for investing in their future. Everyone should take some time out to recharge, from kicking back with their favourite book to refuelling from the inside out, and that is why we’ve partnered with Feel and BookBeat So no matter what self-care looks like to our members, they can find a reward that suits them. Learn more about our member rewards and how they can help boost pension engagement here: https://bit.ly/4f84Cid