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Is the cost-of-living-crisis forcing our current generation of pensioners and soon-to-be retirees to store up problems for themselves 10 or 20 years down the line? And what, if anything, can the industry do to help mitigate these problems?
While the cost-of-living crisis is clearly a worry not just for my clients but for myself too, it is also an opportunity to illustrate the value of advice to a wider group and grow my client bank.
Our industry is a marketplace in transformation and, as a result, increasingly demands new capabilities which a workforce focused on more diversity would bring.
The vast majority of new savers under auto-enrolment are being enrolled into a DC pension. Many will have little previous pension saving and may have little knowledge of them. There was therefore a real risk that recent events could have fatally undermined this whole project.
I like to believe that most people are well intentioned and want to leave the world a better place, this where my rational optimism comes from. It’s also a far happier experience than being an eternal pessimist. Even a broken clock is right twice a day.