2. The top six risks…
Fraudulent Investment schemes Unexpected tax bills Giving up Final Salary guarantees
Pots running out too soon Investment not meeting expectation Overestimating state benefits
3. Message from Australia
Source - http://www.thisismoney.co.uk/money/pensions/article-2696204/Australian-government-
considers-copying-UKs-pension-system.html#ixzz3PSSYs7gR
25%
of people have
depleted their
assets by age
70 in Australia
4. Webb… again…
“[Retired] people who have
worked hard and built up a
pension pot should be given the
freedom to do what they want
with it, rather than have the
government tell them how to
spend their own money."
Steve Webb
Source - http://www.bbc.co.uk/news/uk-politics-30670639
5. Flat rate pension
of new pensioners will be entitled to the full, new, flat-rate state pension in the first five years of the system
Source - http://www.bbc.co.uk/news/business-30777166
7. Challenges in 2015
Image source -
http://www.professionalpensions.com/professional-
pensions/news/2382923/communicating-budget-flexibility-is-
biggest-challenge-for-dc-trustees-in-2015
What are the biggest
challenges facing DC
trustees in 2015?
(ranked in order of
significance)
Others
Increasing participation
Increasing contributions
Complying with the charge cap
Developing in-scheme
Drawdown options
Meeting DWP
governance standards
Diversifying Default funds
Giving members access to Budget flexibilities
Communicating Budget flexibilities
0 100 200 300 400 500 600
10. Pension Wise – Off to the Citizens Advice Bureau…
Source - http://www.bbc.co.uk/news/business-30777166
Source - The Financial Times Limited 2015
The Pensions Regulator
“The Financial Conduct
Authority has given the
industry just 10 weeks to
comply with rules that are yet to
be published”
The Industry
“I think they are starting to
panic about what’s going to
happen in April”
Malcolm McLean
Politicians
“We remain extremely
concerned about the
inadequate preparations
by government”
Other political parties
Or TPAS?
14. Print and face to face communication
We asked 1,131 employees
“Which method of communication was most beneficial to you?”
One-to-one meeting – 66.97%
Group presentation – 31.19%
16. IGCs explained
• Act in the interest of relevant members.
• Assess whether value for money is being delivered.
• Raise concerns to the provider’s board if products are not
delivering value for money.
• Escalate concerns to the FCA and alert members and
employers.
• Produce an annual report of its findings.
Further information - http://www.fca.org.uk/news/cp14-16
22. Important information
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Johnson Fleming Limited, in writing or otherwise, to receive the same. If you are not the addressee or authorised recipient of this document, any disclosure,
reproduction, copying, distribution, or other dissemination or use of this communication is strictly prohibited.
Past performance is not a guide to the future. Potential for profit is accompanied by the possibility of loss. The value of investment funds and the income from
them may go down as well as up and investors may not get back the original amount invested.
The content of this presentation is for information purposes, it does not represent personal financial advice and is not recommendation that contributions
to the Group Personal Pension Plan will meet all of your future financial requirements for retirement.
If you have any doubts as to whether the content of this presentation meets your personal needs you should seek financial advice. Johnson Fleming
has joined alliances with specialist business associates who are able to provide personal advice, at your request. These carefully selected business partners
reserve the right to charge a fee for these services which would be agreed in advance before they undertake any work on your behalf.
Johnson Fleming Group Limited is authorised as a Firm of Financial Advisers and our permitted business activity is advising and arranging life insurance,
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