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| Confidential
We’re all being constantly reminded that we’re not saving enough for retirement, and should explore the ideas coming from our employer, the pension industry and government to correct this. Our employers meanwhile have been handed the task of auto-enrolling us into a workplace pension, and trying to keep their staff in the loop on how they’re doing this.
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Auto-Enrolment – It’s important for Workers Too!
Cutting through financial complexity for small business employers
Husky devotes a lot of time to helping small employers choose, set up and run a good Workplace Pension, but once they do that, how might we as their workers respond. Firstly, we shouldn’t ignore our pension! Retirement might seem way off, but the common view is that the earlier we start to save for it, the better. So we shouldn’t just opt out because we can only think of short-term needs; setting aside something now is better than doing nothing and hoping for the best.
@huskyfinance
| Confidential
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Auto-Enrolment – It’s important for Workers Too!
Cutting through financial complexity for small business employers
Remember that our employer is not allowed to encourage us to opt out either – it’s the worker’s choice. We should think carefully about how much we want to contribute. It might seem tempting to just put in the minimum amount required, but there is value in the future of regularly saving extra now. And finally, we need to carefully examine the investment options provided by our employer’s scheme, and if a choice is allowed, consider what fits the retirement we desire – there are plenty of sources of information that can help us to do that. Auto-Enrolment has been introduced to help everyone develop a long-term savings habit, and for many of us, it’s the first chance to do that with the lowest fuss. Hopefully our employers are doing the groundwork to provide us a good scheme to save into. To then ignore it could be something we regret.
About Husky Finance Husky Auto Enrolment is a workplace pension service designed specifically for small and micro size employers. The service allows small businesses to compare pension providers based on their specific needs. The service takes care of the ongoing administration required to assess a workforce accurately, calculate contributions, and ensure small business schemes remain compliant at every payroll with the lowest effort possible. T. 0800 044 8114 [email protected] www.huskyfinance.com
NB: This presentation is not for publication and may not be sent to retail investors. It is for illustrative purposes only and may not be construed as an offer to sell or distribute securities. | Confidential © 2016 Husky Finance. Husky Finance is a trading name of Financial SatNav.
