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£500,000 - The Real Cost Of Pension Disengagement | Lisa Picardo
- 2025/04/07
- 再生時間： 10 分
- ポッドキャスト
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あらすじ・解説
Episode Summary:In this powerful episode of The Cashflow Show, host Clayton M Coke sits down with Lisa Picardo, Chief Business Officer UK at PensionBee, to explore the real cost of pension disengagement. With insights backed by research, Lisa breaks down how neglecting your pension—even in your early working years—could cost you up to £500,000 at retirement. Learn how behavioural psychology, digital tools, and proposed industry reforms can help reverse this alarming trend and empower individuals to take control of their financial future.🔍 Key Discussion Points:The £500K financial impact of pension disengagementWhy younger workers underestimate the importance of early pension planningHow default funds and pot proliferation complicate retirement savingsThe role of tech and apps in boosting pension engagementBehavioral barriers to pension awareness and planningThe importance of pension consolidation and keeping records up to dateProposed reforms including the 10-day pension switch guarantee📌 Key Takeaways:Small steps taken early in your career can lead to major retirement benefitsMost UK workers stay in default pension funds, potentially missing better optionsTech-enabled platforms significantly improve engagement and educationPension consolidation simplifies management and boosts long-term outcomesReform is essential for a faster, more transparent pension system💬 Notable Quotes:“Failing to actively engage with your pension during your working life could really have a staggering financial impact.” – Lisa Picardo “People think, ‘It’s not today’s problem,’ but that delay could cost you dearly.” – Lisa Picardo “There’s a clear link between digital engagement and better pension outcomes.” – Lisa Picardo✅ Actionable Insights for Businesses:Employers should offer regular pension education sessions to boost engagementIntegrate mobile app features like notifications, calculators, and gamificationEncourage employees to consolidate multiple pension pots for better visibilityStay updated with PensionBee's reform proposals to support employee well-beingPromote tools like Pension Wise appointments for staff over 50🔗 Resources:PensionBee – Online pension managementMoneyHelper – Free & impartial pension advicePension Wise – Free appointments for people over 50The Cashflow Show can be reached here:Website: www.thecashflowshowpodcast.com Email: thecashflowshowpodcast@gmail.comTwitter: https://twitter.com/thecashflowshow Instagram: https://instagram.com/thecashflowshowpodcastSupport us via our sponsored & affiliate linksOur Buy Me A Coffee Link | buymeacoffee.com/thecashflowshowOur Patreon Link | https://www.patreon.com/TheCashflowShowPodcastOur Ko-fi Link | ko-fi.com/thecashflowshowpodcastV1CE Sustainable Business Cards | https://v1ce.co/?ref=b13m2858soTo sponsor or advertise on The Cashflow Show Podcast, contact us at thecashflowshowpodcast@gmail.comClayton M Coke can be found here:LinkedIn: https://uk.linkedin.com/in/claytoncokeWebsite: https://www.prmsltd.co.ukEmail: info@prmsltd.co.uk Twitter: https://twitter.com/prmsltd Instagram: https://www.instagram.com/prmsltd/ Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS] As an Amazon Associate I earn from qualifying purchases. “What are YOU like?” & “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved ★ Support this podcast ★