The Pension Confident Podcast

• E37: The easiest way to retire with more money with Neil Bage, Bola Sol, and Laura Dunn-Sims

  Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected].   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: The Pension Confident Podcast The Pension Confident Podcast 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.

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  28:54
• BONUS EPISODE: Tips for the end of the tax year

  Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected].   With the end of the tax year fast approaching, we’re talking pensions, ISAs and tax. From tax relief to ISA limits, we’ve gathered some top tips and insights from our guests to help you get your finances in order.    Join our host, Philippa Lamb and our expert guests to hear the best bits from the following episodes: E32: How to understand your pension balance with Tim Hogg, Faith Archer and Alex Langley E29: Pensions vs. cash - which is best? With Holly Mackay and Martin Parzonka E17: Should you save into a pension or an ISA? With Claer Barrett, Damien Fahy, Peter Komolafe and Becky O’Connor   Episode breakdown: 00:30 Tax relief - what it is and how it works 01:30 ISAs - another way to save 03:27 Lifetime ISAs 04:54 Using ISAs and pensions together 06:53 ISA rules   Further reading, listening and watching: To learn more about finances and pensions, check out these articles, podcasts and videos from PensionBee: Episode transcript  Guide to Lifetime ISAs and pensions Pension pot or cash savings - which is best? How much income do you need in retirement? How much can I pay into a pension each year? Making pension contributions The UK Pension Landscape Your guide to savings funds How to diversify your pension investments E11: How to prepare for a happy retirement (Podcast) How are pensions invested? How can I find my pensions? How to look after your financial wellbeing in 2024 How to understand your pension balance Understanding market volatility and how it can impact your pension Pension Calculator   Other useful resources:  How ISAs work (gov.uk) Cash ISAs (Money Helper) Stocks and Shares ISAs (Money Helper) Junior ISAs (gov.uk) Peter Komolafe: Three ISA mistakes everyone is making (YouTube) Cash ISA rules and allowances (Which) Should I have a savings account or pension? (MoneySuperMarket)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

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  8:25
• E36: Is my pension funding climate change? With Rotimi Merriman-Johnson, Jesse Griffiths and Giorgia Antonacci

  Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected]. Have you ever wondered if your pension is funding climate change? We all know about the damage greenhouse gases do to the world. According to Make My Money Matter, by greening our pensions, we could cut our carbon footprint 21 times more than by going veggie, or giving up flying or switching energy providers. However, sustainable investing has been met with some scepticism over the years, so in this episode we're going to dig into the detail.  Join our host, Philippa Lamb, and our expert panel as they help you make confident choices about your own pension: Qualified Financial Adviser and Founder of Mr.MoneyJar, Rotimi Merriman-Johnson; CEO of the Finance Innovation Lab, Jesse Griffiths; and PensionBee’s Senior ESG Manager, Giorgia Antonacci.   Episode Breakdown: 01:42 The link between pensions and climate change 04:18 The fossil fuel industry 05:36 Does investing sustainably mean lower returns? 09:13 The rising cost of living 11:22 Can individuals make a difference? 15:52 What makes a sustainable pension fund? 17:21 Greenwashing, labelling and timescales 22:28 What action can pension savers take? 23:42 Influencing change 27:39 Final thoughts   Further reading, listening and watching: To learn more about finances, pensions and divorce, check out these articles, podcasts and videos from PensionBee: E36 transcript  Under the hood of the Climate Plan The Climate Plan PensionBee’s Climate Plan (Video) ESG investing and its impact on pensions  Sustainable investing - how to make a positive impact with your pension How we can use our pensions to drive positive change whilst saving for retirement E1: Making a positive impact with your pension - with Clare Reilly, and Damien Fahy (Podcast) Three reasons to think about where your pension’s invested Championing our customers’ views How is the FCA cracking down on greenwashing? 5 sustainable investing myths debunked Your Fossil Fuel Free Plan switch questions, answered   Other useful resources: ShareAction Make My Money Matter Financial Conduct Authority Carbon Tracker Financial Stability Board The Institute of Actuaries Government Green Taxonomy Morgan Stanley Capital international (MSCI) Morgan Stanley Institute for Sustainable Investing MSCI's ESG rating scale India's wheat output dented by heatwave, could limit government stock building (Reuters)  FCA labelling scheme Institute of Actuaries study Accelerating to net zero (CBI) Morgan Stanley Sustainable Reality Report Revealed: oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years (Guardian) Pension funds should protect our future, not destroy it (Greenpeace) Maslow's Hierarchy of Needs   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads. Follow Rotimi Merriman-Johnson, Mr MoneyJar on YouTube, Instagram, LinkedIn and X. Follow Finance Innovation Lab on LinkedIn, Facebook and X.

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  30:37
• BONUS EPISODE: How to stick to your financial resolutions

  Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected].   Have you been making progress with your new year's resolutions? If sorting out your finances was top of that list, we’re here to help you along. We've been digging into some of our best-loved episodes for nuggets of financial wisdom. Listen as our guests share insights on some of the most common financial resolutions and how you can stick to them.    Join our host, Philippa Lamb and our expert guests as they discuss tracking down pensions, getting started with investing and asking for a payrise. Tune in to hear the best bits from the following episodes: E32: How to understand your pension balance with Tim Hogg, Faith Archer and Alex Langley E27: The cost of friendship with Dr. Tara Quinn, Niaz Azad and Brooke Day E21: Why don’t women invest? With Ayesha Ofori, Anna-Sophie Hartvigsen and Lara Oyesanya FRSA E23: Common financial mistakes and how to avoid them with Lynn Beattie, Ola Majekodunmi and Jasper Martens E25: How to earn more money with Natalie Campbell MBE, Lynn Anderson Clark and Priyal Kanabar   Episode breakdown: 00:28 Tracking down old pensions 02:55 Balancing spending and socialising  05:33 The art of saying ‘no’ 07:37 Getting started with investing  10:06 Prioritising saving over sales  12:42 How to ask for a pay rise   Further reading, listening and watching: To learn more about finances and pensions, check out these articles, podcasts and videos from PensionBee: Episode transcript  Why aren’t women investing?  Why closing the gender investing gap matters for impact investing Can financial education platforms help close the gender financial literacy gap? How important is financial independence? How can we improve financial health amongst women? Building your financial resilience Episode 3: How do we tackle the gender pension gap? (Podcast) How to check your pension contributions Rethinking your pension savings during the cost of living crisis Six ways to start talking about money Five steps to plotting your personal finance roadmap Bonus episode: Relationships and money (Podcast) How to talk about money Six ways to manage your money and your mental health Six ways to start talking about money What is the impact of debt on mental health? E29: Pensions vs. cash - which is best? (Podcast) E26: Are you ready for your 100-year life? (Podcast) E18: How to not run out of money in retirement (Podcast) E11: How to prepare for a happy retirement (Podcast) How are pensions invested? How can I find my pensions? How to look after your financial wellbeing in 2024 How to understand your pension balance   Other useful resources: Propelle Female Invest The history of women and money (GoHenry) Equal Pay Act 1970 (GOV.UK) Girls get less pocket money than boys (Netmums) Girls just wanna have funds (Female Invest book) Is the wealth gap ruining friendships? (Guardian) A third of people are owed money by friends and family (Starling) Why the “f*ck it” mentality is harming friendships (Refinery29) Splitwise How do I find lost pensions? (Gretel) Pension Calculator (PensionBee) Pension Tracing Service (GOV.UK) The Retirement Living Standards (Pensions and Lifetime Savings Association) What is the fresh start effect? (The Behavioral Scientist)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.  

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  15:12
• E35: The cost of divorce with Lynn Beattie, Harry Gates and Lydia Hunt

  Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected].   Every January, lawyers see a spike in inquiries about divorce. It's such a big spike the first Monday of January is known in the profession as Divorce Day. If you've been through it, you’ll know that one of the hardest parts of divorce is having to take lots of financial decisions at what can be a really overwhelming time. But understanding all your options can make those decisions easier and better.   Join our host, Philippa Lamb, and our expert panel as they help you build your post-divorce life on the best possible financial foundation.    Author and Founder of Mrs Mummypenny, Lynn Beattie; Co-Founder at The Divorce Surgery, Harry Gates; and PensionBee’s Head of First Line Compliance, Lydia Hunt.   Episode Breakdown: 01:32 The fundamentals of divorce 07:57 Is it worth getting a prenup? 09:55 Divorce and pensions 11:22 What’s included in negotiations? 13:36 Pension splitting 15:34 What happens to assets from before the marriage? 18:05 Are liabilities included in divorce negotiations? 21:03 Children and divorce 21:49 Can a divorce agreement be amended? 23:41 Thinking long term when negotiating 26:40 Life after divorce *In this episode we reference a report by The University of Manchester, where we say 80% of pension wealth is held by men, but the correct figure is actually 90%. *Where we refer to the fee to apply for a divorce, we say both £583 and £593. The correct figure is £593.   Further reading and listening: To learn more about finances, pensions and divorce, check out these articles, podcasts and videos from PensionBee: E35 transcript E3: The gender pension gap - with Emilie Bellet, Romi Savova and Sam Brodbeck (Podcast)  E14: What's the impact of your relationship status on your finances? With Ellie Austin-Williams, Paul Infield and Becky O'Connor (Podcast)  E28: The bank of mum and dad - what's the impact on your pension? With Mark Bogard, Rotimi Merriman-Johnson and Becky O'Connor (Podcast) Don't divorce your right to a decent pension Separation and divorce  Pension Sharing Order  Pension Attachment Orders and Earmarking How are finances split in a divorce? How long after a divorce can you claim a pension? What is the pension gap between men and women? Do I need to change my pension after I get divorced? The UK Pension Landscape What happens to my pension during a divorce? (Video)   Other useful resources: File for divorce (GOV.UK) New divorce laws from April 2022 (GOV.UK) Pre-nuptial agreements (House of Commons Library) Form E guidance (GOV.UK) Child Maintenance Service (GOV.UK) Divorce Day: Two thirds of divorces don't discuss pensions as part of settlement (Interactive Investor) Pension inequality a major issue when couples divorce, research finds (University of Manchester)   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads. Follow Lynn Beattie, Mrs Moneypenny on YouTube, Instagram, Facebook and X. Follow The Divorce Surgery on YouTube, Instagram, LinkedIn and Facebook.

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  31:43

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