E34: Unpacking 10 years of the pension changes with Damien Fahy, Sam Brodbeck, and Romi Savova
Release Date: 12/15/2024
The Pension Confident Podcast
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Over the past decade, British pensions have undergone significant transformations. With the introduction of Auto-Enrolment, advances in technology, and more flexible regulations, it’s become easier for individuals to plan and manage their retirement savings.
As the new government took office, the Chancellor introduced yet more changes to pensions in the Autumn Budget. So, what can we expect moving forward?
Join our host, Philippa Lamb, and our expert panel as they look back at the biggest pension changes over the past decade and how you can plan for a happy retirement in an everchanging world.
- Founder and Editor of Money to the Masses, Damien Fahy;
- Money Advice Editor at The Telegraph, Sam Brodbeck; and
- PensionBee’s Founder and CEO, Romi Savova.
Episode Breakdown:
01:01 PensionBee’s origin story
03:30 Billions of pounds lost in missing pensions
05:25 Why do people disengage?
08:28 The revolving door of pensions changes
10:04 The big pension changes that have shaped the past decade
12:00 Introduction of Auto-Enrolment
14:41 Pension Freedoms reforms
16:33 Where your money is, exactly
20:20 Understanding market ups and downs
22:52 How do UK pensions compare internationally?
Further reading and listening:
To learn more about changes in the pensions industry, check out these articles and podcasts from PensionBee:
- Episode transcript
- What does the Autumn Budget 2024 mean for your pension? (Podcast)
- E26: Are you ready for your 100-year life? (Podcast)
- E18: How to not run out of money in retirement (Podcast)
- E12: Financial jargon, what does it all mean? (Podcast)
- E11: How to prepare for a happy retirement (Podcast)
- Preparing for retirement checklist
- Understanding market volatility and how it can impact your pension
- What does the Autumn Budget 2024 mean for your pension?
- What is Auto-Enrolment?
- What is a defined benefit pension?
- What is a defined contribution pension?
Other useful resources:
- How do I find lost pensions? (Gretel)
- Life expectancy calculator (Office for National Statistics)
- Pension Calculator (PensionBee)
- Pension Tracing Service (GOV.UK)
- The Retirement Living Standards (Pensions and Lifetime Savings Association)
- Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth (Book)
Catch up on the latest news, read our transcripts or watch on YouTube:
Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Money to the Masses (@moneytothemasses) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Times Money Mentor (@timesmoneymentor) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.