We know that pensions can be a complex subject for a lot of our members, but it’s important to know how they work so you can maximise your savings. To that end, with the help of Pension Geeks, we’ve created a number of videos to remove the complexity and help answer some of your questions in plain English.
So, if you’re struggling with your pension planning and want answers in a simple, straightforward format, that won’t take up too much of your time, watch our videos. You can even ask us a question. If we receive a lot of questions on the same topic, we’ll create a video to answer it!
In our latest video I talked to Pension Geeks about our recent performance and how we’ve progressed since we launched nearly 10 years ago. Watch Steve’s update.
Once you’ve watched the video you might have a question for me or the wider team looking after your pension savings. Tell us what you want to know so that we can show you some quick reference videos that might be of interest. If you’ve got a specific question for us, we’ll review this and create some more videos on the most frequently asked questions.
Looking after your savings
The Trustee Board and I work hard to ensure your pensions are being run effectively and are working for you. We look after your pension savings and ensure that value for members is central to everything we do. So, it’s great to share our thoughts on the industry and how the progress we’re making as a company also benefits you.
Where we started and where we’re headed
This year we’ll celebrate our 10th anniversary, having launched in 2012, and from my perspective it’s been a remarkable success story. For example, in March 2013, when the Scheme was a little more than 6 months old, we had just over 10,000 members and £200,000 in assets under management (AUM). As of December, last year, we now have more than 5m members and over £17bn in AUM.
AUM, in simple terms means the total value of assets or capital that we manage on behalf of you, our members.
So, even though the last couple of years have been difficult for everyone, we remain financially strong, and our investment returns have outperformed expectations in the year to date.
We don’t have a crystal ball, but we’re confident about our future too. By 2025, it’s likely we’ll be responsible for nearly £30bn in AUM.
As well as my video, we have lots of other interesting pension content for you to watch.
We want to help you make the best decisions in the present, so you have the right amount of savings invested in the right place to support you and your family in the future. But it’s also about explaining the benefits of your pension investment in the here and now.
You might be a long way off from your retirement, but where you invest your money plays a major part in making the world a better place today. We’re committed to responsible investing and are actively removing investment in companies that have a detrimental effect on the environment and wider society. If you want to learn more about how we invest your money, take a look at our guide to pension videos.
You can find out about lots of different things in our videos, like:
- How much do you need to save for your retirement?
- How to top up your pension pot
- How to consolidate your pension savings in one scheme
- How to find the right advice when you approach retirement
For more from me, you can see the full video here.
Now that you’ve heard from me, do you have a question you like to ask me and the team that look after your pension savings? Ask your question.
This article was written when we were B&CE, before we changed our name to People’s Partnership in November 2022.