Boosting Our Pensions

This episode is a recording of our pensions event on June 30th, 2021 organised with our sponsor PensionBee. You can read the summary of the event and see the slides supporting our conversation on vestpod.com.

Research shows that women’s pensions hold around 40% less than those belonging to men, with this pension gap only increasing with age. (Pension Bee, 2021)

With the gender and ethnicity pay gaps impacting women’s ability to save more into their pensions, how can we bridge this gap and ensure we’re saving for our future selves and a happy retirement?

To tackle this subject, I am joined by 4 brilliant guests who will take us through the foundations of what a pension is, their tips and guidance on investing with impact and their personal stories of starting and saving for retirement.

Today on The Wallet:

1/ People tend to save more when they can see themselves at retirement age, so we meet our future selves and learn about their lives, which helps us prioritise our future needs over opting for instant gratification.

2/ We’ll discuss how to calculate your pension pot goals, how to get clear on where your money is invested, and how to move it if it isn’t aligning with your values.

3/ We know the pension gap is a challenge affecting women in retirement, so we look at practical and hands-on ways to boost our pension savings.

My guests today are:

• Emma Maslin: Financial coach, therapist and founder of The Money Whisperer (@MoneyWhisperer_). The Wallet episode: What Long Term Impact Will the Pandemic Have On Our Finances
• Nina Mohanty: Founder of Bloom Money and passionate financial inclusion advocate (@ninamohanty). The Wallet episode: How Can Technology Help Us Manage Our Money Better
• Romi Savova: Founder and CEO of PensionBee, Queen Bee of pensions (@romisavova). The Wallet episode: How To Be Pension Confident
• Vivien Adeosun: Full-time employee and senior account manager for PitchBook (LinkedIn Vivien Adeosun). The Wallet episode: How To Ask For More Money At Work

We shared some resources in this episode, all the links are below:

• Netflix: Money Explained Episode 5 “Retirement”
• You Make Better Decisions If You “See” Your Senior Self by Hal Hershfield
• Bronwyn King: You may be accidentally investing in cigarette companies
• Which? How much will you need to retire?
• Pension Bee
• Pension Bee: Pension Calculator
• Make My Money Matter

🐝 The event’s partner PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk.

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I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod and subscribe to our newsletter here:

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* Please note that we are not certified financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term and you understand what you're investing in. With investments, your capital is at risk. Pensions can go down in value as well as up, so you could get back less than you invest.*

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