Protecting pensions in sickness and in health

Building a solid pension has many great benefits. The forecasted rise in life expectancy means many of your clients may enjoy their retirement for many years to come. A well-funded pension pot can support them once their bank accounts are no longer topped up by a monthly salary.

Additionally, from a financial planning perspective, a pension is a smart savings tool. Contributions qualify for tax relief at the higher rates (20% or 40%), and any investment growth is not subject to investment tax, allowing your clients’ savings to accumulate tax-free.

In other words, pension contributions play a crucial role in achieving long-term financial resilience.

Tomorrow’s pension is funded by today’s income

A well-funded pension relies on two key elements: choosing the right pension plan and making sufficient contributions. If your client isn’t able to contribute enough throughout their career, their pension simply won’t have the opportunity to grow. In most cases, your client’s income is the main—and often only—source of these contributions. In other words, today’s income lays the foundation for tomorrow’s pension.

Protect your client’s pension with income protection

If your clients’ income isn’t protected today, their future pension could be impacted too—our new client flyer shows just how easily this can happen and how to resolve this.

Download the flyer