Government efforts to boost productive finance investments, along with providers’ modelling tools, could help drive more conversations with savers — though this presents some challenges.
During the Pensions and Lifetime Savings Association’s annual investment conference, Dan Mikulskis, CIO at People’s Partnership, highlighted the challenge of balancing the needs of 7 million members in their master trust pension scheme, People’s Pension.
Mikulskis noted that many members are frontline, hourly, or part-time workers, often in lower-paid sectors such as construction.
Andrew Doyle, investment director at WTW, emphasised that improving member outcomes is about building confidence in retirement. He explained that this involves not only enhancing investment returns but also helping people grow their pension pots to secure a better retirement.
