E37: The easiest way to retire with more money with Neil Bage, Bola Sol, and Laura Dunn-Sims
Release Date: 03/30/2025
The Pension Confident Podcast
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Recent research from PensionBee reveals that financial disengagement might cost savers up to £500,000 over their lifetime - that’s a substantial amount! When was the last time you reviewed your savings? Are you aware of how much you’ve saved for retirement? Making small, informed decisions today can greatly impact your financial future. The great news is that staying engaged with your finances isn’t difficult.
Join our host, Philippa Lamb, and our expert panel as they explore a simple truth: the most effective way to max out your chances of retiring comfortably.
- Behavioural Expert and Co-Founder of Shaping Wealth, Neil Bage;
- Financial Adviser, Money Columnist and Author, Bola Sol; and
- Head of Consumer PR at PensionBee, Laura Dunn-Sims.
Episode Breakdown:
01:31 Common financial pitfalls
03:52 Visualising our ‘future selves’
06:08 Overcoming complacency with pensions
06:42 The £500,000 ‘cost of disengagement’
08:00 How can we make the numbers feel real?
10:20 Transitioning from an ‘immediate return’ to ‘delayed return’ environment
13:16 How to retire with more money
17:23 Automate your way to compound interest
20:02 Understanding investment risk
23:30 Balancing greed and fear
26:27 How to make (and keep) good habits
Further reading, listening and watching:
To learn more about the cost of disengagement, check out these articles, podcasts and videos from PensionBee:
- E37 transcript (Blog)
- Bonus: How to stick to your financial resolutions (Podcast)
- Do you know what pension plan you’re in? (Blog)
- E32: How to understand your pension balance (Podcast)
- E34: Unpacking 10 years of pension changes (Podcast)
- How much do you need to pay into a pension? (Video)
- How much income do you need in retirement? (Blog)
- How much should you save for retirement? (Video)
- How to catch up on pension payments (Blog)
- How to check your pension contributions (Article)
- How to trace a lost pension (Article)
- How to understand your pension balance (Blog)
- Pension Calculator (Calculator)
- Top 10 money apps for your smartphone (Blog)
- What income would a £100,000 pension pot give you? (Blog)
- What is compound interest? (Blog)
Other useful resources:
- 56% of UK adults feel like they don’t understand the stock market (YouGov Survey)
- Almost 9 million UK adults are missing an old pension pot (PensionBee)
- Brits missing £31.1b in unclaimed pension pots (Pensions and Lifetime Savings Association)
- Government’s free Pension Tracing Service (GOV.UK)
- How the 'end of history' illusion shapes your life choices (BBC)
- Over half of Brits are in the dark or ‘dangerously underestimating’ the minimum cost of retirement (PensionBee)
- Pension disengagement could cost you up to £500,000 in retirement (PensionBee)
- Pot for life significantly more popular than stapling for managing multiple pots (PensionBee)
- Your Future Self: How to Make Tomorrow Better Today by Hal Hershfield (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 Shaping Wealth (@shapingwealth) on YouTube, Instagram, LinkedIn and X.
Follow Bola Sol (@bolasol) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.