Patrick Heath-Lay

Oct 1, 2024 | professionalpensions.com | Patrick Heath-Lay

Following automatic enrolment (AE) in 2012, over 11 million previously underserved individuals began saving for retirement. This remarkable achievement highlights the pension industry's ability to foster positive social impacts and should inspire continued progress. The role of pension providers in shaping financial futures has never been more critical. Advisors and employers recognise this, with 90% of intermediaries valuing responsible business practices when recommending a workplace pension[1].

Oct 1, 2024 | professionalpensions.com | Patrick Heath-Lay

Following automatic enrolment (AE) in 2012, over 11 million previously underserved individuals began saving for retirement. This remarkable achievement highlights the pension industry's ability to foster positive social impacts and should inspire continued progress. The role of pension providers in shaping financial futures has never been more critical. Advisors and employers recognise this, with 90% of intermediaries valuing responsible business practices when recommending a workplace pension[1].

Aug 7, 2024 | inkl.com | Sarah Pritchard |Patrick Heath-Lay |People's Partnership

The plans aim to reduce the number of savers sitting in poor-value pensions and schemes would be publicly rated red, amber or green, once the framework is finalised. Competitive pressures should help to drive up standards and over time, regulators expect to see less of a gap between worse-performing schemes and the market average. This would be used by pension providers and those making decisions on behalf of savers to provide greater transparency over how schemes are performing.

Jul 23, 2024 | inkl.com | Patrick Heath-Lay |People's Partnership

PA ArchiveSome pension savers could end up having to work years longer to make up the costs of transferring from lower-charging workplace pensions into higher-cost options, a provider has warned. The People’s Partnership, provider of the People’s Pension, called for action to ensure that people considering making transfers have the information they need to compare their options.

Jun 21, 2024 | professionalpensions.com | Patrick Heath-Lay

True, a lot of progress has been made over the last two decades: there has been the hugely successful roll out of auto-enrolment (AE) to 11 million people and we have seen major changes to the state pension – flat rating remains one of the most consequential reforms since 1948. On top of that, we have seen significant falls in pensioner poverty since the late 1980s. There's no denying this represents significant progress that should be considered when we look at future challenges.