WEALTH at work provides a retirement income options service to many companies across the UK.
The growing need for retirement services has become increasingly important given an ageing workforce. The freedom and choice pension changes may provide more flexibility but at the same time they have greatly increased the complexity because of the myriad of choices now available. Add to this the increased retirement risk to employees following the closure of many Defined Benefit (DB) schemes, mean these services have never been more important.
With full access to pension funds, employees now need to consider all savings when thinking about retirement; different pension schemes such as Defined Contribution (DC) and Defined Benefit (DB), ISAs, shares and other investments they may hold.
Our retirement income options service is here to help employees understand and make the most of their retirement options and income choices for what may be 25 years or more. In addition it provides the employer with a robust offering to help all employees in the lead up to retirement and beyond.
After a life-time of saving, employers can help their employees receive financial education and guidance, regulated advice and the full range of retirement income options in a single flexible retirement service.
Our retirement income options service includes:
Whichever part of our service employees’ access, we can offer them the support they need when they come to make their retirement choices. The main options that every employee can access to make the most of their retirement income plans through our service cover:
Our retirement income options service:
This service is available now to pension schemes, trustees and employers, whatever retirement income option is needed by employees and scheme members, they can access it through our service.
We educate, guide, advise, implement and manage retirement planning for employees throughout their retirement; supporting their income needs as it changes throughout retirement.