In keeping with our ethos of true independence, this new tool has been designed completely independently of any pension provider, to educate pension scheme members and enable them to engage effectively with their pension to make more informed decisions about their pension savings and retirement.
Me2 incorporates a suite of features to accommodate any type of DC arrangement and is fully compatible with a range of leading pension providers and third party advisers. The content is tailored to each specific age group, offering age appropriate, targeted information – and with a library of educational case studies, videos and wider financial education pieces, the portal offers a fully comprehensive service for both members and trustees.
With the introduction of the new pensions freedoms proving a complex landscape to negotiate, Me2 can also help trustees to meet their requirements regarding the communication of pensions flexibilities as well as an option to define retirement goals and planning for utilising pension pots in regards to drawdown, cash and annuities.
Damian Stancombe, our Head of Workplace Health describes our vision for providing easily accessible information and help with planning:
‘To get employees engaged with their pension they need to understand how pensions work and what they will need to save to achieve the retirement they aspire to have.
Me2 has been developed with the belief that education is the key to effective workplace saving. Whilst allowing employees to view information about their pension savings in a simple to use interface, Me2 also gives access to a range of easily digestible educational case studies and videos. In addition, there are detailed planning tools which give a realistic indication of how much needs to be saved to achieve retirement goals.
Uniquely, we haven’t taken a one size fits all approach to the development of the platform. Me2 engages with different age groups, as the needs of a 25 year old will be very different from those of someone aged 45. This approach means that employees are given guidance and information which is actually relevant to their retirement needs.’
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