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Financial Planning Tips for Self-Employed Older Adults

Money Talk

As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services. As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services.

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46% of UK employers prioritise positive DC pension scheme outcomes

Employee Benefits

Nearly half (46%) of UK employers with defined contribution (DC) pension schemes say that delivering positive outcomes for members in this scheme is now their top priority, according to research by global professional services firm Aon.

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Deloitte gives staff control with flexible pension policy

Employee Benefits

In October 2022, professional services firm Deloitte introduced a flexible pension policy that gave its 22,000 UK employees more control over their finances, while still centring the importance of retirement savings. We deliberately structured the new policy to be more pro pensions than it was.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies.

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Interserve completes £400 million pension scheme buy-in

Employee Benefits

Interserve, a construction firm that went into administration in 2019, has completed a £400 million buy-in for its pension scheme members. The transaction was conducted with provider Aviva, and secured the benefits of more than 7,000 scheme members and follows a £300 million pensioner-only buy-in that took place in 2014.

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65% of pension scheme runners do not know how much members can expect at retirement

Employee Benefits

Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research. Only around one in three (35%) respondents know what sort of pension outcome a typical member of their DC scheme can expect.

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University of Salford targets communications at specific employee groups

Employee Benefits

It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well. They pass this on through meetings with each department.

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