Phoenix Group

This year, we launched Future Growth Capital to support the objectives of the UK’s Mansion House Compact, which aims to get the UK’s largest pension fund managers to invest in fast-growing businesses. Future Growth Capital will help us to unlock investment opportunities in private markets to help savers benefit from the opportunities that unlisted assets can offer. Find out more here > http://spr.ly/6049QQ4r1 #investing #pensions

Catherine Foot, Director of our longevity think tank Phoenix Insights believes yesterday’s reports of a delay to the second phase of the government’s retirement adequacy review – the Pension Review, could be hugely detrimental to people’s financial future. She says, “In the next five years, the majority of defined contribution pension savers will enter retirement with less income than they expect or need, and this will worsen to a peak in the early 2040s*. “There are clearly some valid concerns around what increases to auto-enrolment contributions might mean for businesses, but that shouldn’t stop analysis and consensus-building on how and when we address the retirement crisis unfolding before our eyes. Increasing minimum auto-enrolment contributions is one of the biggest levers to tackle under saving, and we cannot afford to delay setting out a plan to incrementally raise contributions. “The adequacy review is a golden opportunity to look at the retirement landscape as a whole and prevent serious problems for individuals and the state in years to come. With the impending retirement crisis about to unfold, the review should not be kicked into the long grass.”

Shaping a better future means delivering good customer outcomes. A net zero economy by 2050 is absolutely core to that. We’re focused on reducing our portfolio risk and identifying opportunities from the transition. Scaling our actions to achieve real impact. #ClimateChange #Investing #NetZero

Will you have enough saved for your retirement? We’ve seen a dramatic increase in the average age of our population over the last century, meaning more people are living to older ages than was the case in previous generations. More time to do the things we want! Although, it’s having an impact on people’s retirement savings creating an ever-growing pension savings gap. But what is the pension savings gap? #pensions #savings #retirement

Did you know that according to FCA research, only 8% of adults access independent financial advice? This leaves a significant gap between people receiving paid for personalised advice and those accessing free guidance, which is largely generic, factual information.

Did you know that our research shows 33% of 45-54 year olds expect to change career before they retire?

What do you think of when you think of addressing climate change? For some people the first things they think of are often the things that we use and do in our day-to-day lives. This could include recycling, or taking public transport rather than a car, or buying goods from more sustainable companies. Find out more about the link between climate change and pensions > http://spr.ly/6041QTeSb #ClimateChange #Pensions #Investing

We help people engage with their financial futures > http://spr.ly/6047QOaIb From raising understanding and awareness, to more inclusive services and advocating for change. Supporting 12 million customers on the journey to and through retirement. #investing #retirement #pensions

We’re proud to announce that we’ve been named as leaders in climate policy influence and stewardship. The report by InfluenceMap covers 30 asset owners globally, and it is entirely based on public information from our website and public reports. It found that we have advocated for supportive policy frameworks to guide the transition and shared similar expectations of investee companies. #investing #sustainability #stewardship #pensions

How can UK pensions lead the climate fight? Bruno Gardner, Head of Climate Change & Timothy Fassam, Director of Public Affairs, discuss how the UK pensions industry could invest £1.2 trillion in climate solutions by 2035. > http://spr.ly/6045t7a1U #investing #sustainability #pensions