In a time of continued uncertainty, how do we encourage consumers to refocus on their long-term financial stability?
Recent studies show that consumer confidence in long-term savings and pension products is declining due to financial market volatility, a lack of financial education and product visibility, too much complex information, and well, some bad press.
The introduction of the Pensions Dashboard is set to address the transparency issue by giving consumers visibility of all their UK pension pots in one place from as early as 2022, but there is still a lot more that can be done to support consumers in understanding what actions they need to take to accrue healthy savings, and what they can expect from a financial perspective upon retirement.
Download this article to understand the opportunities that the Pensions Dashboard will bring to consumers, along with three additional concepts for activating long-term consumer saving and fostering a more dynamic, and competitive insurance market.
Contact Sanjiva Perera and Matthew Hutchins to find out how we’re helping insurers today.