The Pension Confident Podcast

Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. We all know friendship is priceless, but navigating social circles where some people are a lot better off than others may be a minefield. According to Intuit, Gen Z would rather discuss sex, politics and infertility struggles than their salaries, debt, and bad investments. So how can you maintain strong friendships while navigating different bank balances and spending habits? This month on The Pension Confident Podcast we're looking at the costs associated with friendship. Join our host, Philippa Lamb, and our expert panel as they discuss how to talk about money with friends, overcoming envy and more. This month we hear from: Psychologist and Associate Fellow of The British Psychological Society, Dr. Tara Quinn-Cirillo; Co-Founder of Millennial Money UK, Niaz Azad; and Head of Brand and Communications at PensionBee, Brooke Day. Episode Breakdown: 01:29 How to discuss money fairly 06:10 Navigating a financial divide 11:20 How friendship expenses can snowball 16:28 Overcoming envy 18:58 As you and your friends get older 22:31 When life throws you curveballs 25:38 Lending money to friends 27:57 Knowing when to let go. Further reading: To learn more about the cost of friendship, check out these articles from PensionBee: Episode 27 transcript The cost of friendship Bonus episode: Relationships and money How to talk about money Six ways to manage your money and your mental health Six ways to start talking about money What is the impact of debt on mental health? Other useful resources: How to keep money from tearing your friendships apart (Vox) Is the wealth gap ruining friendships? (Guardian) The transfer of wealth from boomers to 'zennials' will reshape the global economy (Financial Times) A third of people are owed money by friends and family (Starling) Nearly 50% of millennials overspend to keep up with friends (Credit Karma) Why the "f*ck it" mentality is harming friendships (Refinery29) Splitwise Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Millennial Money UK (@MillMoneyUK) on X, Instagram, Facebook and LinkedIn. Follow Dr. Tara Quinn-Cirillo (@CirilloDr) on X, Instagram, Facebook and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] Part three of our personal finance tips is here! In this bonus episode,our expert guests discuss budgeting, what to know before you get started with investing, plus they share a property mistake you may have made too. Get started on your financial spring cleaning and hear helpful tips from: Personal Finance Expert and Founder of Mrs MummyPenny; Lynn Beattie; Financial Journalist and Senior Digital Editor at MoneyWeek; Kalpana Fitzpatrick; Founder and CEO of Propelle; Ayesha Ofori, Independent Non-Executive Director for PensionBee; Lara Oyesanya FRSA; CMO at PensionBee; Jasper Martens; and CMO at LifeSearch; Justin Harper. Episode Breakdown: 00:45 Monthly subscriptions 01:20 Saving little and often 02:13 Saving for your kids 02:49 Getting started with investing 03:50 Investing in property 04:56 The benefits of life insurance. Read the transcript. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. You might be surprised to learn that living to 100 years of age is no longer a rare feat. The Office for National Statistics (ONS) revealed that almost one-in-seven boys and one-in-five girls born today are expected to reach this milestone in the UK. The trend is clear: with advancements in technology and healthcare, a centenarian life is becoming the norm. But what does this mean for our everyday lives, especially in terms of work, planning, and even our mindset? This month on The Pension Confident Podcast we're discussing the increasing likelihood of the 100-year life. Join our host, Philippa Lamb, and our expert panel as they discuss both the emotional and financial realities of longer living. This month we hear from: Economist and best-selling Co-Author of 'The 100-Year Life', Andrew J. Scott; Editorial Director at Noon, Jennifer Howze; and Director (VP) Public Affairs at PensionBee, Becky O'Connor. Episode Breakdown: 02:20 Rising life expectancy 04:31 Adapting to a multi-stage life 06:03 The emerging adulthood trend 07:59 Saving for retirement 10:01 Portfolio careers in midlife 13:46 Multi-generational households 15:03 How long will people be working for? 18:05 Budgeting your time and money 19:10 State Pension versus Retirement Living Standards 23:29 Investing in your human capital Further reading: To learn more about the 100-year life, check out these articles from PensionBee: Episode 26 transcript Are you ready for your 100-year life? Can you live off of the State Pension? How much money is enough to save in your pension for your future retirement? How you could build a million pound pension Is it too late to start a pension? 6 reasons why you should delay taking your pension Other useful resources: British workers increasingly likely to work into their 70s, research suggests (The Guardian) One in six over-55s have no pension savings yet (Unbiased) Queenagers: research portrait of midlife women (Noon) The 100-Year Life – Living and Working in an Age of Longevity Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Andrew J. Scott (@ProfAndrewScott) on X and LinkedIn. Follow Jennifer Howze (@jhowze) on X and LinkedIn.

Updated December 2024: PensionBee no longer offers the Impact Plan. To find out about our sustainable pension plans such as our Climate Plan and Shariah Plan, visit pensionbee.com/uk/plans. Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. In this bonus episode of The Pension Confident Podcast, we dive into the world of Socially Responsible Investing (SRI). We explore how your retirement savings can be a powerful tool for good. Plus, we'll tackle the big question: can you make money and make a difference to people and the planet? From impact investing to ESG ratings, find out how socially responsible investments are defined and how you can get involved. In this episode, we hear from: Chief Engagement Officer at PensionBee, Clare Reilly; Co-Founder of Islamic Finance Guru, Ibrahim Khan; VP Product at PensionBee, Martin Parzonka; and Campaign Director for Make My Money Matter, David Hayman. Episode Breakdown: 01:36 ESG ratings 03:02 Impact investing 04:18 Shariah-compliant investing 06:26 Profits and principles 08:50 Where's your pension invested? 12:11 How to invest for change. Read the episode transcript. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. While many organisations may talk about equality, research tells us that women are far less likely to secure a pay rise than men - even when they ask for one! Nearly one in every three men who ask for more pay get it, but only one in every five women are successful. This month on The Pension Confident Podcast, inspired by International Women's Day, we're discussing how to earn more money. Join our host, Philippa Lamb, and our expert panel as they discuss how to bridge the gap between your potential and your pay cheque. This month we hear from: Social Entrepreneur and Broadcaster, Natalie Campbell MBE; CEO and Co-Founder of The Know, Lynn Anderson Clark; and Senior Customer Experience Researcher at PensionBee, Priyal Kanabar. Episode Breakdown: 01:52 Pay gaps in the workplace 04:27 Early stage careers 07:52 The mentorship relationship 11:10 Job application behaviour 13:17 Job interview tips 16:12 Negotiating for higher pay 18:55 Benchmarking your salary 24:10 Later life careers Further reading: To learn more about navigating pay negotiations and improving your financial prospects, check out these articles from PensionBee: Episode 25 transcript How can we improve financial health amongst women? Can financial education platforms help close the gender financial literacy gap? How women can boost their pension savings Six ways to start talking about money How to check your State Pension forecast 10 money making ideas for stay-at-home mums How to catch up on pension payments Other useful resources: Find and compare gender pay gap data (GOV.UK) Explore salaries at the world's most innovative companies (Otta) The Carer's Pension Gap (PensionBee) Queenagers: research portrait of midlife women (Noon) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Natalie Campbell (@NatDCampbell) on X, Instagram, TikTok and LinkedIn. Follow The Know (@theknowmedia) on X, Instagram, TikTok, Facebook and LinkedIn.

Enjoying our award-winning podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. [email protected] On this special bonus episode of The Pension Confident Podcast, we look at different relationships and the impact they can have on your finances. Whether you live with a friend, are married or going through a separation, these tips are for you. From property and prenups to credit scores, find out what they all mean for your current relationship status. In this episode, we hear from: This Girl Talks Money Founder, Ellie Austin-Williams; Director (VP) Public Relations at PensionBee, Becky O'Connor; Barrister, Mediator and Family Arbitrator, and a Spokesperson for free legal assistance charity, Advocate, Paul Infield; Personal Finance Expert and Founder of Mrs MummyPenny, Lynn Beattie; Founder of financial literacy platform All Things Money, Ola Majekodunmi; CMO at PensionBee, Jasper Martens; Financial Times Consumer Editor, Claer Barrett; and Head of Communications at the Financial Services Compensation Scheme (FSCS), Emma Barrow. Episode Breakdown: 00:58 Moving in with someone who owns a property 03:05 Pensions and divorce 05:29 Prenups and postnups 07:05 Why it's important to talk about money 07:58 Pension beneficiaries 09:03 Credit scores and relationships. Read the episode transcript. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. January is a time when many of us will naturally be thinking about various hopes and intentions for the year ahead. But what if your ambition is to launch your own business? Starting a side hustle during a cost-of-living crisis isn't for the faint of heart. After all, in the UK one in five new businesses fold in their first year, and over half of start-ups don't make it past five years. But that doesn't mean it's impossible. Join our host, Philippa Lamb, and three fearless entrepreneurs as they discuss real-world tactics for bootstrapping your dream business. This month we hear from: Founder and CEO of Vestpod, Emilie Bellet; Founder and CEO of Sprive, Jinesh Vohra; and CCO at PensionBee, but also Founder of childrenswear business Little Circle, Lisa Picardo. Episode Breakdown: 01:50 The idea and first steps 09:08 Networking with the competition 11:48 Business planning 15:26 The pros and cons of co-founders 18:04 Managing your money effectively 22:04 Sole trader versus limited company 24:54 Common mistakes and expert advice Further reading: To learn more about starting your own company, check out these articles from PensionBee: Episode 24 transcript The pros and cons of self-employment What you should know about being your own boss Are the self-employed saving enough for retirement? How to manage your money when you're self-employed Pension contributions from your limited company Six ways to reduce your tax bill as a limited company Sole trader vs limited company: how do the tax savings stack up? Other useful resources: Set up a business (GOV.UK) Online graphic design tool for businesses (Canva) Find the best accountant for your small business (Unbiased) Startup School for Seniors The Business Model Canvas (Strategyzer) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Sprive (@SpriveApp) on X, Instagram, TikTok, Facebook and LinkedIn. Follow Vestpod (@Vestpod) on X, Instagram, TikTok, Facebook and LinkedIn.

Enjoying our award-winning podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]. Happy New Year from all of us at The Pension Confident Podcast, we hope you had a great break! We're back for our third series where we'll be discussing even more personal finance questions plus, we'll be sharing lots of bonus content throughout the year too. The next episode will be live at the end of January and it's all about starting your own business. Later on in the year we'll be looking at the monetary cost of friendship and how you can financially prepare to live to 100. Don't forget to subscribe to your favourite podcast app so you never miss an episode. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn.

We're thrilled to announce that the series has won two Lovie Awards! We were recognised in both the 'Best Series' and 'Best Branded Podcast or Segment' categories. A big thank you to everyone who voted for us! If you didn't get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: [email protected]. With Christmas around the corner it can be easy to go overboard. Before you know it, you may have spent a little too much and live to regret it come January. We've all been there, and we all make other financial mistakes. Sometimes they're small, like lending a friend a tenner, knowing you're unlikely to see it again. However, sometimes they can have a much bigger impact. It could be that you've bought a property that doesn't fit the bill, or perhaps you've let your debts spiral out of control? Even the money experts make mistakes and to talk us through theirs, and what we can all learn from our financial failures are: Personal Finance Expert and Founder of Mrs MummyPenny; Lynn Beattie, Founder of financial literacy platform, All Things Money; Ola Majekodunmi, and CMO at PensionBee; Jasper Martens. Episode Breakdown: 01:41 Team PensionBee's financial mistakes 02:46 Shopping mistakes 08:44 Black Friday and other 'sales' 11:45 Not paying attention to your finances 12:22 Recurring payments and monthly subscriptions 15:18 Switching bank accounts 18:18 Pension apathy 24:24 Property mistakes 26:52 The effect of relationships on financial decisions. Further reading: To help you avoid making some of the financial mistakes we talk about in this episode, check out these articles from PensionBee: Episode 23 transcript Common money mistakes and how to avoid them How to check your pension contributions How to save for retirement when 'future you' feels like a stranger Rethinking your pension savings during the cost of living crisis Avoid these pension mistakes in your 40s Six ways to start talking about money Five steps to plotting your personal finance roadmap Other useful resources: Camelcamelcamel price tracker Idealo price comparison website Current account switch guarantee Switching mobile phone provider (Ofcom) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Ola (@allthingsmoney_) on X, Instagram, TikTok, Facebook and LinkedIn. Follow Lynn (@mrsmummypennyuk) on X, Instagram, TikTok, Facebook and LinkedIn.

We're thrilled to announce that the series has won two Lovie Awards! We were recognised in both the 'Best Series' and 'Best Branded Podcast or Segment' categories. A big thank you to everyone who voted for us! If you didn't get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: [email protected] On this special bonus episode of The Pension Confident Podcast, we've rounded up some of the best pension tips our guests have shared so far. From choosing the best time to withdraw from your pension to making the most of tax relief, hear important pension topics discussed by experts including: PensionBee's CEO; Romi Savova; Financial Times Consumer Editor; Claer Barrett; PensionBee's Chief Engagement Officer; Clare Reilly; Money to the Masses Founder; Damien Fahy, PensionBee's Head of Product; Martin Parzonka; Pensions and Lifetime Savings Association Head of Media Relations; Mark Smith; PensionBee's VP Brand and Communications; Rachael Oku; This Girl Talks Money Founder; Ellie Austin-Williams; and PensionBee's Director (VP) Public Relations; Becky O'Connor. Episode Breakdown: 00:42 Getting started with your pension 01:51 Parental leave and pensions 02:52 Pension beneficiaries and tax 03:22 Your pension and the cost of living crisis 03:49 Taking your pension 04:36 Moving your pension pots 05:23 Pensions vs. ISAs. Read the episode transcript. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

We're thrilled to announce that the series has won two Lovie Awards! We were recognised in both the 'Best Series' and 'Best Branded Podcast or Segment' categories. A big thank you to everyone who voted for us! If you didn't get the chance to vote, why not tell us what you think by giving us a review and a rating? As always, you can send your suggestions and feedback to: [email protected] Renting has been a hot topic of debate throughout the cost of living crisis - and with good reason. The cost of privately renting a home has risen every month since November 2021, with the average price now 12% higher than this time last year. In this episode we take a look at the reasons behind this, what your rights are as a tenant or a landlord, and what needs to change to improve the housing market for everybody. Helping us to do so with their expertise are: Policy Officer for Shelter; Jenny Lamb; Deputy Editor for Property at The Times ; David Byers, and Director (VP) Public Affairs for PensionBee; Becky O'Connor. Episode Breakdown*: 02:49 Recent national rental increases 03:35 How much are we spending on rent? 04:18 Housing supply and demand 06:05 Evictions and homelessness* 10:01 The impact on our other finances 11:18 The impact on older renters 13:24 Property as an alternative to a pension 15:54 Your rights as a tenant or landlord 18:36 Where to go if you're struggling to pay 21:42 The Renters (Reform) Bill 24:50 Affordable housing. * We talk about Section 21 notices in this episode, but wanted to give you a clear explanation of what they are. A Section 21 notice can be used if a landlord wants their tenant to leave a property that they own. A landlord can only serve you this notice if your fixed-term tenancy has come to an end or if you're in a periodic tenancy, but they don't need a reason to make you leave. A landlord must give you at least two months' notice to vacate the property. At the end of that period, if you haven't left the property, the landlord can start the formal court process to formally evict you. This usually takes a number of weeks and could result in a court order that forces you to leave the property. You can see all the rules around Section 21 notices on gov.uk. If you've been served a Section 21 notice, you can see what your rights are on the Citizens Advice website. Further reading: For more information on the key issues surrounding the home rental market, check out these resources. Episode 22 transcript Why has renting got so expensive? Renters (Reform) bill (UK Parliament) Emergency grants, loans and money help (Shelter) Discretionary Housing Payments (Gov.uk) Council Tax Reduction (Gov.uk) Benefits calculator (Turn2us) Grants search (Turn2us) Housing issues (Citizens Advice) First-tier tribunal (Gov.uk). Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow @sheltercharity on X (@Shelter), Instagram, TikTok, Facebook and LinkedIn. Follow Jenny on LinkedIn. Follow David on X and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] On this special bonus episode of The Pension Confident Podcast, we're revisiting the popular debate: should you pay more into your mortgage or your pension? Hear from our former Host Peter Komolafe, CEO and Founder of The Humble Penny; Ken Okoroafor, former CMO at HABITO; Abba Newbery and VP Brand and Communications at PensionBee; Rachael Oku as they discuss the pros and cons of investing in property and pensions. Read the episode transcript here. Episode Breakdown: 01:21 Using your property to fund your retirement 02:46 How long will your pension pot need to last you 05:10 Paying off your mortgage early 07:12 The benefits of pension contributions 09:08 Investing in property Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Threads, Facebook and LinkedIn.

Enjoying the podcast?! Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] Did you know that as well as a gender pay gap and a gender pension gap, there's also a gender investment gap? According to investment website; Boring Money, in the UK there's nearly £600 billion more in men's investment accounts than women's! Only a third of UK women say they feel confident dealing with their finances. But, is a lack of confidence the reason why only 48% of women invest in the stock market compared to 66% of men, or are other factors at play? To help us explore why women are less likely to invest are this month's expert guests: Founder and CEO of Propelle; Ayesha Ofori, Co-Founder of Female Invest; Anna-Sophie Hartvigsen, and Independent Non-Executive Director for PensionBee; Lara Oyesanya FRSA. Episode Breakdown: 02:00 Why's it important for women to invest? 03:15 Brief history of financial gender inequality 04:51 Saving vs investing 06:58 Why women are less likely to invest than men 08:46 Are women less likely to take risks? 14:24 Financial education for women 17:26 Pensions are investments 19:34 Who can invest? 22:03 Our guests first investments 26:07 Long-term thinking. * We mention Boring Money's research shows a £600 billion gender investment gap worldwide - this figure actually only covers the UK! The figures mentioned for the potential returns of savings vs investments were calculated using Santander's savings and investments calculator. The results were based on taking medium risk and the 'realistic' expectation of growth. However, returns can be higher or lower. These are just examples and aren't guaranteed. Further reading: For more information on the key issues affecting women and their finances, check out these resources from PensionBee. Episode 21 transcript Why women save rather than invest Why aren't women investing? Why closing the gender investing gap matters for impact investing Can financial education platforms help close the gender financial literacy gap? How important is financial independence? How can we improve financial health amongst women? Building your financial resilience Episode 3: How do we tackle the gender pension gap? Other useful resources: Propelle Female Invest The history of women and money (GoHenry) Equal Pay Act 1970 (Gov.uk) Girls get less pocket money than boys (Netmums) Girls just wanna have funds (Female Invest book) Savings and investments calculator (Santander) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Ayesha on Instagram and LinkedIn. Follow Anna (@hartvigsen_anna) on X, Instagram and LinkedIn. Follow Lara on LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] Sit back and enjoy part two of our roundup featuring some of the best personal finance tips from expert guests of The Pension Confident Podcast. Whether you're saving to raise a family, or looking to buy a house, have a listen to hear helpful ideas from the likes of: Founder of Vestpod; Emilie Bellet, Host of The Conversation of Money Podcast; Peter Komolafe, Financial Times Consumer Editor; Clear Barrett, Founder of This Girl Talks Money; Ellie Austin-Williams, Barrister and Spokesperson for legal assistance charity, Advocate; Paul Infield, Co-Founder and CCO of Snoop; Scott Mowbray, and PensionBee's Head of Content; Brooke Day. Episode Breakdown: 00:36 Preparing your finances for kids 01:22 Turning your pension contributions on and off 01:53 Budgeting when you're self-employed 02:34 ISAs and tax 03:04 Buying a house with someone else 04:19 Financial personality and financial independence 05:05 Monthly budgets 05:30 Risks when withdrawing a Lifetime ISA. Read the episode transcript here. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Enjoying the podcast? Don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] As we all know, there are only two certainties in life - death and taxes - and going through the admin when someone dies can be a slow and expensive process. That's why it's a good idea to think about where you'd like your own money and personal belongings to go in advance to avoid making it complicated for those you leave behind. In this episode, we discuss all the useful things you can do to make sure you've got your own affairs in order - from wills and to life insurance, to pension beneficiaries. We also talk about what's important to address when you're dealing with somebody else's estate. Helping us to do this are our three expert guests: Solicitor for Frank Brazell & Partners and Free Wills Month; Simon Levy, CMO at LifeSearch; Justin Harper, and PensionBee's Head of Second Line Compliance; Jaypee Soule. Episode Breakdown: 03:16 Executors and beneficiaries 03:51 Keeping things organised for your loved ones 08:25 Lasting powers of attorney 09:54 Letters of wishes 11:21 Prepayment funerals 12:36 Life insurance 13:21 Inheritance tax 15:29 Pension beneficiaries 18:25 Writing a will 22:06 What are the rules of intestacy? 27:18 First steps when a loved one passes away 28:06 Tell Us Once service 29:37 What's probate? *We talk about what happens to your pension after death in this episode. We want to be clear that we're referring to defined contribution pensions. Here are a few more things to know: If the deceased is under 75 years old, and the pension proceeds are paid within two years of the provider knowing of the customer's death, then their beneficiaries can get the money tax-free. From 2026, if the deceased is under 75 years old, tax may be charged to the beneficiaries if the deceased has reached their lifetime allowance. Find out what the current pension lifetime allowance is. If the deceased is aged 75 or above, the pension proceeds are taxable at the marginal rate of the beneficiary's income tax. *We want to be clear that your pension isn't legally considered part of your estate, so isn't covered by your will. However, mentioning your pension in your will may help to eliminate any doubt over your wishes, though it's recommended that you still contact your pension provider to add your beneficiaries to your policy. Further reading: For more help dealing with the admin when someone passes away, check out these resources from PensionBee. Episode 20 transcript Pension death benefits Pension rules after death Pension beneficiaries What happens to your pension when you die? Your guide to writing your will How your pension can save you inheritance tax. Other useful resources: LifeSearch Free Wills Month Cheap and free wills (Money Saving Expert) Tell Us Once (GOV.UK) The LifeBook (Age UK) The Last Word report 8 Best Password Managers (Forbes) Learn more about intestacy - the process that occurs when someone dies without a will. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow @LifeSearch on X, Instagram, Facebook and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] On this special bonus episode of The Pension Confident Podcast, we've rounded up some of the best personal finance tips our guests have shared so far. From the power of compound interest to understanding credit ratings and ISAs. On this episode we'll hear a range of important financial topics discussed by experts including: Founder of Money to the Masses; Damien Fahy Founder of The Humble Penny and Financial Joy Academy; Ken Okoroafor Founder of The Money Whisperer; Emma Maslin Founder of Mrs MummyPenny; Lynn Beattie. Founder of Mr MoneyJar; Timi Merriman-Johnson Personal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams CEO and Co-Founder of Bloom Money; Nina Mohanty Consumer Editor at the Financial Times, Author and Host of the Money Clinic Podcast; Claer Barrett Financial Expert, Author and Host of The Conversation of Money Podcast; Peter Komolafe. Read the episode transcript here. Episode Breakdown: 00:44 Tax relief on pension contributions 01:17 Making pension contributions as a limited company 01:51 Compound interest 03:09 Automating your savings 03:51 Saving money when you're single 04:48 Credit ratings 05:54 Stocks & Shares ISAs 06:43 Understanding different types of ISAs Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] On this special bonus episode of The Pension Confident Podcast, we're turning the mic around on our Host; Philippa Lamb, to hear her favourite moments from the podcast so far. We've had some brilliant guests - from CEOs to campaigners, barristers to financial influencers, along with some of our favourite in-house PensionBee experts. On this episode we'll hear a range of important financial topics discussed from the likes of: CCO of the Financial Services Compensation Scheme (FSCS); Lila Pleban Founder of The Money Whisperer; Emma Maslin CEO of Bloom Money; Nina Mohanty Head of Communications at the FSCS; Emma Barrow Co-Founder of Islamic Finance Guru; Ibrahim Khan Barrister, Mediator, Family Arbitrator, and Spokesperson for Advocate; Paul Infield Personal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams Read the episode transcript here. Episode Breakdown: 02:02 Credit card debt and money worries 04:51 Reducing the gender pension gap for our children 06:52 Credit scores and credit invisibility 10:10 Shariah investing 14:25 The financial risk of 'Common law marriage' Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] We're taking a short break from our usual schedule in August, but don't worry - we've got some bonus content incoming while you wait for our next episode! We'll be back in September discussing how to deal with financial admin when a loved one dies, and how you can prepare your own finances to make it simple for those you leave behind. Plus, look out for episodes later this year on building your financial confidence, starting your journey in self-employment, and how to recover from financial failures. Don't forget to subscribe on your podcast app to get these episodes, and more, as soon as they're released. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] Having children can be one of the most wonderful and rewarding things you'll ever do, and it's impossible to put a price on all the joy that kids can bring you. However, there's no denying the impact that bringing up a family can have on your finances. Having a child can be a huge financial commitment. According to The Times, it'll take an average of nearly £203,000 to raise a child from birth to the age of 18. And it won't necessarily stop there, you might find yourself spending on your kids from before they're born until well into their adult lives. Add to that, the effects on your income that taking parental leave may bring - you might not know where to begin! To talk through all the costs involved with having children and whether raising a family's currently affordable are our guests: CEO of Mumsnet; Justine Roberts CBE Financial Journalist and Senior Digital Editor at MoneyWeek; Kalpana Fitzpatrick PensionBee's CTO; Jonathan Lister Parsons. Episode Breakdown: 02:12 Can you predict how much a baby will cost? 07:48 Statutory Maternity Pay 09:42 The problem with parental leave 11:56 Statutory Adoption Pay and Leave 12:46 The cost of childcare 14:58 Tax-Free Childcare Allowance 15:37 Child Benefit 20:37 Costs as your kids grow up 24:38 Paying for higher education. *We mention maternity pay in this episode and just wanted to be absolutely clear with the figures: Statutory Maternity Pay's paid up to 39 weeks You get 90% of your average weekly earnings for the first six weeks You get the lower of £172.48 or 90% of your average weekly earnings for the following 33 weeks. *We also accidentally overstated the amount of Shared Parental Leave that you may be entitled to. We said you'd get a year, but it's actually up to 50 weeks of leave between parents. *We state that the UK has the highest childcare costs in the Organisation for Economic Co-operation and Development (OECD). Though this has been true as recently as 2022, the UK currently ranks third. However, this number's ever changing. Further reading: For more help getting financially prepared for raising a family, check out these resources from PensionBee. Episode 19 transcript Can you afford to have a baby? Pensionbee's research on fair sharing of childcare PensionBee Parental Leave Policy What I learned about mothers and their pensions from answering Mumsnet questions How to financially plan for a baby How stay at home mums can build a decent pension What happens to your pension during maternity leave? Finances for freelancers on maternity leave How can I get my pension back on track after taking time off to have children? Why parents need to make a Child Benefit claim to protect their State Pension Other useful resources: Mumsnet Statutory Maternity Pay and Leave (Gov.uk) Statutory Paternity Pay and Leave (Gov.uk) Statutory Adoption Pay and Leave (Gov.uk) Disability Living Allowance for children (Gov.uk) Tax-Free Childcare (Gov.uk) Child Benefit (Gov.uk) Boosting paternity leave has economic benefits (Pregnant Then Screwed) Average childcare costs (MoneyHelper) Transparency on parental pay (ABI) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow @Mumsnet on X, Instagram, Facebook, TikTok and LinkedIn Follow @KalpanaFitzpatrick on LinkedIn, X, Instagram and TikTok

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] We've spoken in much depth about preparing for retirement on The Pension Confident Podcast, but we'll all eventually get to a stage where we find it's time to start taking that money out of our pension pots, rather than putting in. After decades of working and saving into your pension, you'll be looking forward to the day when it's finally time to retire and you can start spending your pension cash. But, you might not be sure what the smartest way to withdraw your money is. Furthermore, you might be fearful of it running out. To take us through all the withdrawal options and discuss how we can make our money last in retirement are our expert guests: Product Director at Legal & General Retail; Mark Jones Financial Journalist and Founder of Much More With Less; Faith Archer PensionBee's Head of Product; Martin Parzonka. Episode Breakdown: 02:32 Predicting how long you're going to live 05:39 When can you take your pension? 06:38 Annuities 07:36 Pension drawdown 16:45 Making a pension withdrawal plan 19:27 Measuring risk 22:54 Having multiple sources of retirement income 24:25 Resources to aid your pension withdrawal plan. Further reading: Think about your pension withdrawal plan with the help of these resources from PensionBee. Episode 18 transcript Pension drawdown Pension annuity Pension drawdown calculator State Pension age calculator Inflation calculator Drawdown explained (Youtube) How to withdraw money from a pension fund Should I take a lump sum from my pension? Pension decumulation Why have annuity purchases been increasing? What happens in a Pension Wise appointment? Other useful resources: Pension Wise Retirement planning course (Legal & General) Life expectancy calculator (ONS) Death clock Investment pathways (FCA) FIRE movement (Investopedia) Senior railcard Older person's bus pass (gov.uk) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Faith @MuchMoreWith Less on X, LinkedIn and Facebook.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] On this very special edition of The Pension Confident Podcast, we come to you from White City in London with our first recording in front of a live audience! And this time it's all about the battle of the financial titans; pensions vs. ISAs. With the help of polling data from our listeners, we take a look at how many of us are making the most of these financial products and which should take priority at different stages in our lives. Sharing their insights, and giving their tips on maximising the benefits of both your pensions and ISAs are our expert panel: Financial Times Consumer Editor, Author and Host of the Money Clinic; Claer Barrett Founder of the Money To The Masses website and podcast; Damien Fahy Financial Expert, Author and Host of The Conversation of Money; Peter Komolafe PensionBee's Director (VP) Public Affairs; Becky O'Connor. * If you'd like to read Claer's book; What They Don't Tell You About Money, and The Money Basics by Peter, both are available for purchase now! Episode Breakdown: 03:23 How much are people saving into pensions? 06:18 How ISAs work 11:00 When you can take your pension 13:24 Making the most of pensions and ISAs 15:29 Common mistakes people make with ISAs 21:50 Saving when you're self-employed 24:37 Priorities when nearing retirement 28:40 Leaving money for loved ones 31:15 Audience Q&A. Further reading: Make the most of your savings with the help of these articles from PensionBee. Episode 17 transcript Guide to Lifetime ISAs and pensions Pension pot or cash savings - which is best? Can I cash in my pension? How much income do you need in retirement? How much can I pay into a pension each year? Making pension contributions The UK Pension Landscape When is the best time to take your pension? Your guide to savings funds Other useful resources: How ISAs work (gov.uk) Cash ISAs (Money Helper) Stocks and shares ISAs (Money Helper) Junior ISAs (gov.uk) Retirement Living Standards (PLSA) Peter Komolafe: Three ISA mistakes everyone is making (YouTube) Cash Isa rules and allowances (Which) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Claer @ClaerB on X, Instagram, TikTok and LinkedIn, Damien @MoneytotheMasses on X, TikTok, Instagram, Facebook, YouTube and LinkedIn and Peter @ConversationOfMoney on X, Instagram, YouTube, LinkedIn and TikTok.

Updated December 2024: PensionBee no longer offers the Impact Plan. To find out about our sustainable pension plans such as our Climate Plan and Shariah Plan, visit pensionbee.com/uk/plans. Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] Welcome to the latest edition of The Pension Confident Podcast, we hope that listening's one of the many good things that happen to you today! This time we're looking at impact investing; what it is, why it's important and how it can be used to drive environmental and social change whilst saving for your retirement. You might already be vegetarian or buying fairtrade products; volunteering or cutting down on flying. But what if you could make your biggest impact simply by looking into where your money's invested? It's called impact investing, and helping us to understand what it is and how it can drive change are: Campaign Director for Make My Money Matter; David Hayman Partnerships Director at Huddlecraft and Lead for Money Movers; Anneka Deva PensionBee's Chief Engagement Officer; Clare Reilly. Episode Breakdown: 01:15 What's the goal of impact investing? 05:50 Making an impact on environmental and social issues 08:41 How individuals can make an impact with their money 15:58 What demographics are interested in impact investing? 20:12 How much does it cost and what returns will you get? 25:31 What's next for impact investing? *A small caveat to say we were close with a stat, but not quite correct. The amount of Financial Advisors who are women is actually 17% rather than the 16% stated. Further reading: You'll find plenty of impactful information on the PensionBee website and YouTube channel. Episode 16 transcript What are UN SDGs and why do we have them? Does socially responsible investing make financial sense? Other useful resources: Money Movers Make My Money Matter (MMMM) Green my pension (MMMM) Sustainability labels (FCA) UN Sustainable Development Goals Place Based Impact Investing (The Good Economy) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow @MakeMyMoneyMatter on X, YouTube, Instagram, TikTok, LinkedIn and Facebook and @WeAreMoneyMovers on Instagram.

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] A fond welcome to the 15th episode of The Pension Confident Podcast. This time, we're discussing how financial institutions can be more inclusive of those who might be more vulnerable when it comes to their finances. 'Levelling up' seems to be the buzz phrase of the moment. But what does that actually mean in practice? You may have fallen behind financially due to where you live, or maybe the system or service you're using just simply isn't designed for someone with your set of circumstances. That could be your ethnicity, religion, gender, age or something else entirely. Helping us to 'level up' and discuss how we achieve financial inclusion are: CEO of Bloom Money; Nina Mohanty Head of Communications at the Financial Services Compensation Scheme (FSCS); Emma Barrow PensionBee's CDO; Matt Loft. Episode Breakdown: 01:53 When we've felt excluded 04:42 Who's likely to be financially excluded? 06:37 Those who choose not to use financial services 08:37 Accessibility to technology and in-person banking 14:29 Low credit scores 20:08 Low income and insurance 22:01 What the government and industry should do to help *We thought it would be helpful to highlight our sources for some of the key stats we mentioned in this episode: We say there are about 3 million Muslims living in the UK. According to the latest census, the actual number is 3.87 million. We say there are around 11,000 Post Offices in the UK. The precise number is 11,635. We talk about plans for 28 new 'shared banking hubs'. There are actually plans to open 38 more of these. We were 1% off on the difference between the average amount in men's and women's pension pots. Our data shows that men have 39% more in their pots, on average, than women. Further reading: Need a little extra help to level up? Then check out these articles from PensionBee. Episode 15 transcript The importance of financial inclusion How PensionBee's supporting vulnerable customers What is pension poverty? Under-pensioned: finding disability support Recovering mental health and recovering finances How can I make my money Shariah-compliant? How can we improve financial health amongst women? How are pensions affected by wealth inequality? Other useful resources: Responsibility in design: designing products for accessibility, disability and neurodiversity (YouTube) How to check your credit report (Money Helper) FSCS Bloom Money OneBanx Plain English Campaign Plain Numbers Progress Together Levelling Up the United Kingdom (Government white paper) Come and see us live! On Thursday 4 May we'll be recording our first ever episode in front of a live studio audience and we'd love for you to join us. We'll be at White City Place in London from 6:30pm to discuss whether your money's better off in a pension or an ISA. You'll also have the chance to get your questions answered by our expert panel: Founder of Money To The Masses; Damien Fahy Consumer Editor of the Financial Times and presenter of the Money Clinic Podcast; Claer Barrett Financial Expert and Host of The Conversation of Money Podcast; Peter Komolafe Director (VP) Public Affairs at PensionBee; Becky O'Connor. Tickets are absolutely free, so if you'd like to attend - just click here. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Nina @BloomMoney on Instagram, TikTok LinkedIn and Facebook and @FSCS on Facebook, X, Instagram and LinkedIn.

Come and watch us record a special episode of The Pension Confident Podcast in front of a live studio audience for the very first time! Date: Thursday 4 May Venue: The Studio in White City Place Time: From 6:30pm Nearest tube: White City (Central line). Get your free ticket here Philippa, along with special guests from the world of personal finance will be discussing whether your money's better off in a pension or in an ISA. Our expert panel will include: Founder of Money to The Masses; Damien Fahy Financial Expert and Host of The Conversation of Money Podcast; Peter Komolafe Consumer Editor at the Financial Times and Host of the Money Clinic Podcast; Claer Barrett Director (VP) Public Affairs at PensionBee; Becky O'Connor. Doors will open at 6:30pm before the podcast recording begins at 7pm. Before the main recording, we'll also have a warm up set from the Founder of Mr MoneyJar; Timi Merriman-Johnson. Tickets are absolutely free and include complimentary food and drink from Dear Grace, London. Get yours here Got a burning question about where to invest your money? Send us an email: [email protected] and your question could be read out on the night! We'd love to see you there. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]

Enjoying the podcast? Then don't forget to rate and give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected] It's time to sit back, listen and enjoy another episode of The Pension Confident Podcast. Whether you prefer to do that by yourself, with a partner or maybe even your children is up to you, because this month we talk all about how those relationships can affect your finances. No matter what your relationship status is, each one brings its own financial questions and challenges. Right now, you might be happy just concentrating on yourself. Perhaps you're cohabiting, or living with a friend or a sibling. You might be married or in a civil partnership. Or maybe you're separated, divorced, or widowed. From 'singles tax', to prenups and wills - taking you through what you might need to think about as you experience these different relationships are: Personal Finance Expert and Blogger at This Girl Talks Money; Ellie Austin-Williams. Barrister, Mediator and Family Arbitrator, and a Spokesperson for free legal assistance charity, Advocate; Paul Infield. PensionBee's Director (VP) Public Affairs; Becky O'Connor. Episode Breakdown: 03:55 Leaving home 07:02 The 'singles tax' 10:16 Financial tips for single people 14:15 Cohabitation and the 'common law' marriage 20:42 Prenuptial agreements 22:16 Keeping your financial independence 24:55 Pension Sharing Orders 27:12 What to do when a partner dies * Just a note to correct some numbers we state on this episode. We say that there are eight million single people living in the UK, when in fact there are actually 28 million. We also say that the Marriage Act was in 1751, but we were a little early and it was actually released in 1753. Further reading: Want to make sure you've got all bases covered, no matter what your relationship? Then take a look at these articles from PensionBee. Episode 14 transcript How to tackle your personal finances when you're single. The best gift a husband can give to his partner is pension contributions. What is the average pension income for a couple? Your guide to Lifetime ISAs and pensions. How does divorce or remarrying affect your pension? How long after divorce can you claim a pension? Other useful resources: Milestones: journeying into adulthood (ONS) Divorces in England and Wales: 2021 (ONS) Singles Tax (This Girl Talks Money) Child Benefit (GOV.UK) Bereavement Support Payment (Age UK) Bereavement useful contacts (Mind) Come and see us live! On Thursday 4th May we'll be recording our first ever episode in front of a live studio audience and we'd love for you to join us. Our host Philippa Lamb will be joined by special guests at White City Place in London from 6:30 pm to talk about whether your money's better off in a pension or an ISA. You'll also have the chance to get your questions answered by our expert panel. Tickets are absolutely FREE, so if you'd like to attend - just click here. Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Ellie @ThisGirlTalksMoney on X, Instagram, TikTok and LinkedIn and Paul on LinkedIn.

It's a brand new year and we're back with a brand new series of The Pension Confident Podcast! We kick off Series Two by taking a look at the behaviours that could affect our relationship with money and how we spend it: our financial personalities. According to financial website Investopedia, the five common financial personalities are investors, savers, big spenders, debtors and shoppers. Do you identify with any of these? To discuss what this means for your finances and how you can train yourself to better to manage them are: Personal Finance Expert and Founder of Mr MoneyJar; Timi Merriman-Johnson Certified Money Coach, Mentor and Founder of The Money Whisperer; Emma Maslin PensionBee's Head of Content; Brooke Day Episode Breakdown: 01:13 What are our financial personalities? 05:09 Spenders and shoppers. 08:31 Debtors. 09:30 Investors and savers. 12:15 How to figure out your financial personality. 16:31 How to improve and harness your financial personality. 27:17 Taking stock of matters outside of money. Further reading: Want to learn more about harnessing your financial personality? Then take a look at these articles from our podcast guest; Emma Maslin and the PensionBee team on The Buzz. Understanding your money personality How do our emotions drive our financial decisions The 50-30-20 budgeting rule of thumb Common money mistakes Top 10 money apps for your smartphone Other useful resources: The Money Whisperer personality quiz Understand your money personality (The Money Whisperer) Myers-Briggs personality test Robert Sapolsky dopamine research video Money Habitudes Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Timi @MrMoneyJar on X, Instagram, TikTok, YouTube and LinkedIn and Emma @TheMoneyWhisperer on Facebook, X, Instagram and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! As always we'd love to hear your suggestions and feedback. Send us an email: [email protected]

The Pension Confident Podcast's been tackling the key questions surrounding pensions and the wider finance industry for over a year now, and we're excited to announce that we'll be back in 2023 with a brand new series to help you make the most of your finances. We'll be discussing a whole new batch of personal finance topics such as: How your financial personality plays into helping you achieve your money goals and what impact your relationship status can have on your finances. Join Philippa Lamb each month where she'll be joined by the best brains from across the financial industry, along with experts from the PensionBee team to help you get the best out of your pension. While you wait for Series Two to land, check out our dedicated podcast page on the PensionBee website for all the latest updates, watch our previous series on YouTube or have a read through the transcripts of all of our episodes so far on The Buzz! Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn.

With Christmas around the corner, our present to you is tackling an issue we all encounter in our pension policies and beyond: financial jargon. From interest rates and income tax, to dividends and bonds, sometimes it feels like the language of personal finance is specifically designed to confuse us. So this month, we try to decipher some of the trickiest terms with the help of: Stand-Up Comedian and Host of the False Economy Podcast; Vix Leyton PensionBee's CMO; Jasper Martens Episode Breakdown: 01:13 Our least favourite pieces of financial jargon 03:37 Jargon from the cost of living crisis 09:49 Financial Services industry acronyms 12:37 Pension industry jargon 17:29 Pension policy jargon 20:54 How can we further tackle the jargon? *In this episode we briefly mention UK income tax bands, here are the full figures: The current basic rate of 20% applies if you earn between £12,571 and £50,270 per year, the higher rate of 40% applies to everyone who earns between £50,271 and £150,000, and the additional rate of 45% applies to all who earn £151,000 and over. However, as a result of the Autumn Statement on 17 November 2022, the higher and additional tax thresholds will change in the 2023/24 tax year. From April 2023, the higher rate of 40% will apply to those earning between £50,271 and £125,140, and the additional rate of 45% will apply to anyone earning over £125,140. You can find more information on the gov.uk website. We also spoke about inflation in relation to the triple lock on State Pensions. We wanted to add that in the Chancellor's Autumn Statement, it was confirmed that the State Pension will rise by 10.1% in April 2023 in line with the rate of inflation that was set in September 2022. This means that the full State Pension will increase from £185.15 per week and £9,627.80 per year to £203.85 per week and £10,600 per year. Jargon list: If you're stuck on a particular term, here's a list of some of the jargon we mentioned and a time stamp to help you find it. 03:51 Income tax 04:42 Inflation, RPI and CPI 06:28 Interest rates and the base rate 09:54 FTSE 10:30 IPO 11:43 ISA and LISA 12:53 State Pension triple lock 14:54 Risk 17:30 Annuity 18:32 Drawdown 20:19 Guaranteed Annuity Rate Further reading: Unfortunately, there's simply too much financial jargon to cover it all in one episode! To get to grips with even more of the baffling language and details in your pension policies, check out our Pensions Explained pages: Pension glossary Special pension benefits glossary How to read a fund factsheet Other useful resources: Money To The Masses Boring Money Money Helper Pension Academy Series The Buzz Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Vix on X, Instagram, TikTok and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! As always, we'd love to hear your stories and feedback. Send us an email: [email protected]

We're living longer than we used to, meaning that most of us can look forward to around at least 20 years of retirement. But what does retirement look like to you? Rather than stopping work completely, it might mean working part-time, volunteering, or even starting up your own business! In this month's Pension Confident Podcast, we look at visualising your ideal retirement with the financial and lifestyle steps you can take to make it a reality. Philippa Lamb takes the helm as usual and is joined by: Financial Journalist and Founder of Much More With Less; Faith Archer Head of Media Relations at the Pensions and Lifetime Savings Association (PLSA); Mark Smith PensionBee's Senior Engagement Manager; Priyal Kanabar Episode breakdown: 01:23 Guests' retirement ambitions 03:10 Customer retirement ambitions 05:20 Factors to consider when deciding on retirement 09:38 The Retirement Living Standards 14:39 The different types of pensions 17:49 What happens in a Pension Wise appointment? 19:54 How can you take your pension? 25:20 What can be improved in the UK pension system? *Just a note to say that in this episode we mention the State Pension, but don't clarify how much that is. The current full State Pension is £185.15 per week or £9,627.80 per year. This will rise to £203.85 per week or £10,600 per year in April 2023 as confirmed by the Chancellor's Autumn Statement. The State Pension age is currently 66, but will rise to 67 by 2028. We also mention that the earliest you can take money out of most private and workplace pensions is currently from age 55, but this will rise to 57 by 2028. For more information, please visit Pensions Explained on our website. Further reading: For more tips on achieving your dream retirement, check out our latest articles on The Buzz. What makes a happy retirement? Are you ready for the 100 year life? How much income do you need in retirement? What to do in retirement Does the State Pension rise with inflation? Can you live off the State Pension? Other useful resources: Pension calculator Drawdown explained What are the pros and cons of drawdown? Pension Academy video series PLSA's Retirement Living Standards PLSA's 'Five steps to better pensions' Government's State Pension page Book a Pension Wise appointment Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Faith at @MuchMoreWithLess on X, LinkedIn and Facebook and Mark on LinkedIn. Enjoying the podcast? Then don't forget to give us a review! As always, we'd love to hear your stories and feedback. Send us an email: [email protected]

In 2022, we saw four different Chancellors, a 'Mini-Budget' and a major U-turn on some of those measures. All the while, cost of living increases from food shops to forecourts are still impacting us all. On top of this, everyday life events can impact our finances. So, what effect does this have on us, and what can we do if we find ourselves in debt? On this month's episode, we hear listeners' stories about their own debt struggles and discussion from: Research Officer at the Money and Mental Health Policy Institute; Chris Lees Personal Finance Expert, Founder of Mrs Mummypenny, Author of 'The Money Guide to Transform Your Life and PensionBee customer; Lynn Beattie PensionBee's COO and Mental Health First Aider; Tess Nicholson Episode Breakdown: The causes of debt The effects of debt on your mental health The help available if you're struggling financially Listeners' debt stories Lynn Beattie's personal debt recovery story *If you're struggling with your mental health because of concerns about debt or anything else and need to talk to someone, call SAMARITANS on 116 123 - they are open 24 hours a day, 365 days a year. You can also text the word 'SHOUT' to 85258 and speak to a volunteer, anonymously. If you're concerned for the immediate safety of yourself or someone else, then always call 999. For non-emergencies, call 111, or speak to your GP who can refer you to your local NHS Mental Health Trust. Further reading: For more information on the issues raised in this episode, follow these useful links from the PensionBee website: Six ways to manage your money and your mental health What is the impact of debt on mental health? How to talk about money Pensions Academy: What happens to pensions in special circumstances? The effects of debt and how we can break the cycle How do you pay off a credit card? Introducing our Mental Health First Aiders Recovering mental health and recovering finances 4 reasons why sorting your pension is important for your health Other useful resources: National Debtline Step Change debt charity Christians Against Poverty charity Citizens Advice Service Turn2Us charity Mrs Mummypenny Talks podcast Money and Mental Health Policy institute Dealing with the financial impact of rising costs of living (FCA) Your credit score and debt help (Money Saving Expert) Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow @MoneyandMentalHealth on Facebook, X and LinkedIn and Lynn @MrsMummyPenny on X, TikTok, Instagram, LinkedIn and Facebook. Enjoying the podcast? Then don't forget to give us a review! As always, we'd love to hear your stories and feedback. Send us an email: [email protected]

According to research from the Money and Mental Health Policy Institute, 46% of people who're struggling with household debts also suffer from a mental health problem. So, how can we reduce the risk of money worries impacting our mental health? Philippa Lamb is joined by: CCO of the Financial Services Compensation Scheme (FSCS); Lila Pleban Founder and Managing Director of Psychreg; Dennis Relojo-Howell PensionBee's COO and Mental Health First Aider; Tess Nicholson Episode breakdown: Personal experiences from Dennis, Lila and Tess Who might be most affected by money worries What you can do to protect yourself What the government should do to alleviate the problem *If you're struggling right now and need to talk to someone, call SAMARITANS on 116 123 - they are open 24 hours a day, 365 days a year. You can also text the word 'SHOUT' to 85258 and speak to a volunteer, anonymously. If you're concerned for the immediate safety of yourself or someone else, then always call 999. For non-emergencies, call 111, or speak to your GP who can refer you to your local NHS Mental Health Trust. Further reading: Read more about the relationship between your finances and mental health on our website: Six ways to manage your money and your mental health What is the impact of debt on mental health? Introducing our Mental Health First Aiders Recovering mental health and recovering finances Other useful resources: The Money and Pensions Service (MAPS) Money Saving Expert Citizens Advice Service Money and Mental Health Policy Institute National Debtline 'Breathing Space' Budget planner (Money Helper) Turn2us charity Mental health articles (Royal College of Psychiatrists) Mind Shelter Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow @FSCS on Facebook, X, Instagram and LinkedIn and Dennis @Psychreg on X, Instagram, Facebook, LinkedIn and YouTube. Enjoying the podcast? Then don't forget to give us a review! We're keen to hear your feedback. Contact us on: [email protected]

According to the Money & Pensions Service, almost 40% of adults in the UK don't feel confident managing their money, yet we're expected to be financially literate and confident enough to educate our children. From picking a suitable savings account, to choosing when you can afford to retire, there's a lot to learn when it comes to making the 'right' decisions with our money. So, when and how should we learn about money? Business and Finance journalist Laura Miller steps in for Philippa Lamb this month, and is joined by: Co-Founder and CEO of NatWest Rooster Money; Will Carmichael Certified Money Coach and Mentor, Founder of The Money Whisperer and PensionBee customer; Emma Maslin *In this episode we mention that financial education isn't taught until secondary school. We'd like to clarify that this is only the case in England, and that in Scotland, Wales, and Northern Ireland, children do receive financial education as part of the primary school curriculum. Further reading: Read more on teaching kids about finance on our website: How can we improve financial literacy among children? How to teach kids about money Starting early to bridge the gender pension gap Other useful resources: The Money and Pensions Service Natwest Rooster Money The Money Whisperer family activities Family Money Twist (MyBNK) Financial education for young people report Key statistics on UK financial capability (MAPS) What would women's pensions look like if there wasn't a gender pay gap? Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Emma @TheMoneyWhisperer on Facebook, X, Instagram and LinkedIn and Will @NatWestRoosterMoney on X, LinkedIn, Instagram and Facebook. Enjoying the podcast? Then don't forget to give us a review! Send your thoughts and ideas to: [email protected]

According to the Office for National Statistics; in the year to March 2021, there were more than four million offences recorded for fraud alone! Action Fraud says that criminals walked off with more than £2.3 billion. Now you might think you're too savvy to be caught out. But are you confident you know how to spot a scam? Giving their tips on the signs to look out for and how you can stop yourself from getting scammed are: Former Chief Executive of The Pensions Advisory Service, and an Independent Non-Executive Director at PensionBee; Michelle Cracknell CBE Head of Security and Counter Fraud at the OBIE; Lisa Markey PensionBee's CTO; Jonathan Lister Parsons Further reading: Read more on what you can do to avoid being scammed on our website. How to spot a pension scam 4 pension scams to watch out for What is pension liberation? Other useful resources: 'Scam Man and Robbin' game The Money and Pensions Service Financial Conduct Authority (FCA) Types of pension scams (FCA) Protect yourself from scams (FCA) Reporting fraud and cyber crime (Action Fraud) Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Michelle and Lisa on LinkedIn. Enjoying the podcast? Then don't forget to give us a review! Send your thoughts and ideas to: [email protected].

Recent data from Reuters estimates the global market for Shariah funds has grown by more than 300% in the last decade. So, there's increasing demand for Islamic investments but how are they different from other investments? Joining us to discuss what the details of Shariah investments and whether even non-Muslims might benefit from halal pensions are: Former lawyer and Co-Founder of Islamic Finance Guru (IFG); Ibrahim Khan PensionBee's Head of Product; Martin Parzonka Further reading: Read more about Shariah investing on the PensionBee website: 3 key principles behind Shariah pensions What does it mean to invest responsibly? How can I make my money Shariah-compliant? Other useful resources: IFG's simple guide to halal pensions What is 'Islamic finance'? (BBC) Fintech and the rise of Islamic finance (FT) Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Ibrahim @IslamicFinanceGuru on X, Instagram, TikTok, LinkedIn, Facebook and YouTube. Enjoying the podcast? Then don't forget to give us a review! Drop us an email with your feedback and ideas at: [email protected]

The Office for National Statistics reported that the price of consumer goods are increasing at the highest rate in almost 30 years. With people having to choose between heating their homes and buying their groceries, what can we do to cope with the current cost living crisis? What are the causes, when will it all be over and how does your pension fit into all of this? Our guests this month are: Personal Finance Expert, Managing Director of Mrs Mummypenny and PensionBee Customer; Lynn Beattie Co-Founder and CCO of Snoop; Scott Mowbray PensionBee's Chief Engagement Officer; Clare Reilly *Please note that figures mentioned at the beginning of this episode are estimated based on the performance of the MSCI World (GBP) provided by State Street Global Advisors as at 31 March 2022. Figures are subject to rounding. Further support: If you're struggling, support is available. Here are some charities we highlighted in the podcast. Step Change Citizens Advice National Debtline Further reading: Read more about the cost of living crisis and latest tax changes on the PensionBee website. How the 2022 Spring Budget impacts your pension What happened to pensions in March 2022? How does inflation affect pensions? 5 ways to protect your pension income against inflation Other useful resources: £15 billion of benefits remain unclaimed each year (entitledto) How the Spring Statement affects pensions (FT) Bank of England inflation rate No quick fixes in chancellor's spring statement (FT) 'The Money Guide to Transform Your Life' by Lynn Beattie Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Lynn @MrsMummyPenny on X, TikTok, Instagram, LinkedIn and Facebook and Scott @SnoopApp on X, Instagram, Facebook and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! Your feedback and ideas are always appreciated, send us an email to: [email protected]

Data from the Office for National Statistics suggests that one in four people think of their property as a way of funding retirement. The property market has seen huge growth over the decades, rising way above inflation. But does investing in property at the expense of your pension really make more sense financially? We look into the mortgage versus pension debate with the help of: CMO of Habito; Abba Newbery Founder of the Financial Joy Academy and The Humble Penny; Ken Okoroafor PensionBee's VP Brand and Communications; Rachael Oku *Just a couple of extra points around pensions and beneficiaries that we didn't mention on the podcast: Pensions usually fall outside of someone's estate, but not 100% of the time. When someone passes away before age 75, tax is treated the same regardless of whether they have previously accessed their pension or not. Further reading: Read more on what to think about when weighing up the advantages of pensions or property on our website: Episode four transcript Pension or property - which should I invest in? Pension rules after death Should I pay off my mortgage before retirement? How to diversify your pension investments Pension beneficiaries Property and retirement video Other useful resources: One in six over-55s have no pension savings yet (Unbiased) House prices have tripled since the Millennium Information on the S&P 500 Index Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Abba on X and LinkedIn and Ken @TheHumblePenny on X, TikTok, Instagram, Facebook, YouTube and LinkedIn. Don't forget to leave us a review and send your feedback and ideas to: [email protected]

PensionBee research tells us that women face real obstacles when it comes to creating a comfortable retirement. In fact, the average disparity between men and women's pensions is 38% and has grown to almost 60% in some parts of the UK. So, how did we get here? What's standing in the way of women saving enough for their retirement? And what can we do about this problem? Joining us to answer these questions are: Personal Finance Editor at The Telegraph; Sam Brodbeck Founder of Vestpod; Emilie Bellet PensionBee's CEO; Romi Savova Further reading: Learn more about the gender pension gap with our engaging articles. What is the pension gap between men and women? What would women's pensions look like if there wasn't a gender pay gap? How can we improve financial health amongst women? The future is female: but why aren't women investing in theirs? Tackling the gender pension gap this International Women's Day Starting early to bridge the gender pension gap How to fight back against the gender pension gap Combine your old pensions Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Sam on X and LinkedIn and Emilie Bellet @VestPod on Instagram, X, TikTok, Facebook, YouTube and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! Shoot us any questions or feedback to: [email protected]

According to government data, over 4.1 million people now work for themselves. However, statistics suggest that less than a quarter of self-employed people are actively saving towards their retirement. We explore what you need to know when it comes to your self-employed pension, with the help of: Founder of Enterprise Nation; Emma Jones CBE PensionBee's Head of Product; Martin Parzonka *In case it wasn't clear enough on the podcast, we'd like to clarify that tax-relievable personal contributions are limited to the lower of personal earnings and the annual allowance (£40k). Employer contributions, such as those made from your limited company, may be more than your earnings but are limited by the annual allowance (£40k). Further reading: You can find out more about managing your self-employed pension and all the tax facts through the handy links below: Pension contributions from your limited company What pension can I get if I'm self-employed? Private pensions for the self-employed Pension tax relief and the tapered annual allowance for high earners Other useful resources: What is Auto Enrolment? Setting up a workplace pension scheme (gov.uk) Workplace pensions - employing staff for the first time (Pensions Regulator) Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Emma on LinkedIn and @EnterpriseNation on X, Instagram, Facebook. Enjoying the podcast? Then don't forget to give us a review! For feedback and suggestions, feel free to email us: [email protected]

In the first episode of The Pension Confident Podcast we ask the question: can you really help tackle climate change with your pension's investment choices? We also discuss how you may be able to get the equivalent of a £30,000 annual pension income by investing as little as £80 a month. Joining us in the studio are: Founder of Money to the Masses; Damien Fahy PensionBee's Chief Engagement Officer; Clare Reilly Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Follow Damien @MoneytotheMasses on X, TikTok, Instagram, Facebook, YouTube and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! Got any feedback or ideas for future episodes? Send us an email to: [email protected]

We get it, pensions can be complicated. That's why PensionBee's on a mission to make them simple. Every month Philippa Lamb is joined by experts from the PensionBee team and some of the best brains in personal finance to discuss the biggest topics impacting your pension. Would you like to know the ins and outs of investing in your mortgage versus saving towards a pension? Or perhaps you want to know the best way to prepare yourself for a happy retirement? Subscribe today to keep up-to-date with all you need to know about the world of pensions and personal finance on The Pension Confident Podcast! Catch up on the latest news, read our episode transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow @PensionBee on X, Instagram, TikTok, Facebook, Threads and LinkedIn. Enjoying the podcast? Then don't forget to give us a review! Send feedback and ideas for future episodes to: [email protected]