five steps to help your employees secure their financial futures
TRANSCRIPT
Five Steps to Help Your
Employees Secure Thei r F inanc ia l
Futures
@robertjgardner
T h e d e a t h o f d e f i n e d b e n e f i t
p e n s i o n p r o v i s i o n
A s h i f t i n r e s p o n s i b i l i t y
f r o m e m p l o y e r s t o e m p l o y e e s
E c o n o m i c U n c e r t a i n t yW e l i v e i n a w o r l d o f u n c e r t a i n
t i m e s
W h y s e l f c o n t r o l i s t h e k e y t o
f i n a n c i a l s u c c e s s i n t h e f u t u r e
A r e y o u s a v i n g a t l e a s t 1 5 % f o r
y o u r r e t i r e m e n t ?
I f y o u k n e w y o u w o u l d l i v e
l o n g e r w o u l d y o u s a v e m o r e ?
I s a c u l t u r e o f s p e n d i n g
h o l d i n g y o u b a c k ?
A l a c k o f f i n a n c i a l
e d u c a t i o n a c r o s s a l l g e n e r a t i o n s
The price of inaction
• https://youtu.be/dj0zjoKa0Dc
10
W h a t h a p p e n s i f w e d o n ' t
a d d r e s s t h e s a v i n g s c r i s i s ?
1. Engagement
“Tel l me and I
forget . Teach me
and I remember.
Invo lve me and I
wi l l learn”
- Benjamin Franklin
S t e p 1 : H e l p i n g y o u r e m p l o y e e s
t o s e c u r e t h e i r f i n a n c i a l f u t u r e s
E A S TEasy Attractive Social Timely
H o w t o e n g a g e y o u r e m p l o y e e s
u s i n g t h e E A S T f r a m e w o r k
easy attractive
social timely
H o w t h e D W P u s e t h e E A S T
f r a m e w o r k t o e n r o l y o u i n a
p e n s i o n
1. Engagement
2. Education
“Educat ion i s the
most power fu l
weapon you can
use to change the
wor ld”
- Nelson Mandela
S t e p 2 : H e l p i n g y o u r e m p l o y e e s
t o s e c u r e t h e i r f i n a n c i a l f u t u r e s
W h a t d o e s s u c c e s s l o o k l i k e ?
A nation of
engaged savers
and investors who
are conf ident and
in control of their
f inancial futures
“We have been neglected.
Nobody ’s to ld us about the need
to save and invest .”
6th Form Student,
Trinity School
W h a t d o t o d a y ' s m i l l e n n i a l s
t h i n k ?
“ I can’ t l ive off £150 per week, I want a lav ish
l i festy le when I get older.”
6th Form Student,
Trinity School
W h a t d o t o d a y ' s m i l l e n n i a l s
t h i n k ?
D o y o u u n d e r s t a n d t h e m i r a c l e
o f c o m p o u n d i n g ?
1. Engagement
2. Education
3. Digital
“ R i g h t n o w , a
M a s a i w a r r i o r o n a
m o b i l e p h o n e i n
t h e m i d d l e o f
K e n y a h a s b e t t e r
m o b i l e
c o m m u n i c a t i o n s
t h a n t h e p r e s i d e n t
d i d 2 5 y e a r s a g o .
I f h e ’ s o n a s m a r t
p h o n e u s i n g
G o o g l e , h e h a s
a c c e s s t o m o r e
i n f o r m a t i o n t h a n
t h e U . S . p r e s i d e n t
d i d j u s t 1 5 y e a r s
a g o . ”
- Peter Diamandis
S t e p 3 : H e l p i n g y o u r e m p l o y e e s
t o s e c u r e t h e i r f i n a n c i a l f u t u r e s
T h e d i g i t a l b o o m c o n t i n u e s
1 3 0 , 0 0 0 , 0 0 0 , 0 0 0 A p p s
d o w n l o a d e d f r o m t h e A p p s t o r e
9 0 % o f t i m e o n m o b i l e d e v i c e s
i s s p e n t i n A p p s
Source: Flurry Analytics, comScore, Pandora,
Facebook, NetMarketShare, Note: US Jun
2015
S l i c k e r , S m a r t e r , F a s t e r – t h e
a r r i v a l o f f i n - t e c h s o l u t i o n s
S t e p 4 : H e l p i n g y o u r e m p l o y e e s
t o s e c u r e t h e i r f i n a n c i a l f u t u r e s
1. Engagement
2. Education
3. Digital
4. Outcome
Focussed
“ I n o r d e r t o i m p r o v e y o u r g a m e , y o u
m u s t s t u d y t h e e n d g a m e b e f o r e
e v e r y t h i n g e l s e . ”
- Jose Raul Capablanca
<INSERT REDINGTON INVESTMENT
CHART>
W h e r e a r e y o u r e m p l o y e e s o n
t h e i r s a v i n g s & i n v e s t m e n t
j o u r n e y ?
1. Engagement
2. Education
3. Digital
4. Outcome
Focussed
5. Personalisation
S t e p 5 : H e l p i n g y o u r e m p l o y e e s
t o s e c u r e t h e i r f i n a n c i a l f u t u r e s
O n e s i z e d o e s n ’ t f i t a l l
0% 10% 20% 30% 40% 50% 60% 70%
Risk Path 1
Risk Path 2
Risk Path 3
Risk Path 4
Risk Path 5
Risk Path 6
Risk Path 7
PERCENTAGE OF EMPLOYEES
RIS
K L
EVEL
Clear
divergence
W e a l l h a v e d i f f e r e n t r i s k
p r o f i l e s
P l e a s e d o i t f o r m e , t a i l o r e d
t o m e
“A s o c i e t y g r o w s g r e a t w h e n o l d m e n p l a n t t r e e s w h o s e s h a d e t h e y k n o w t h e y s h a l l n e v e r s i t i n ”
- Greek proverb
I ' d l o v e t o h e a r f r o m y o u
@robertjgardner
in/robertjgardner
07899 954 624