Pensions - Articles - NAPF launch financial education service with Wealth at Work


The National Association of Pension Funds (NAPF) has today (Monday) announced the launch of a new financial education service, supported by WEALTH at work. It has been designed to work for pension schemes to offer to their members as well as for individuals approaching retirement.

 The NAPF’s education and training arm, the NAPF Academy, supported by WEALTH at work, will offer pre-retirement financial education seminars from September in locations including: Edinburgh; Harrogate; Liverpool; Manchester; Birmingham; and, London. NAPF fund members can book multiple places at these sessions, which are also open to individuals.
  
 The sessions, entitled “Understanding the risks of retirement - making sense of your options”, will address key issues individuals should think about when considering their finances in retirement, including sources of income, the impact of risk, being tax efficient and recognising the actions that are key when planning ahead. The seminars will also look at the importance of taking into account other savings and investments as well as pensions, when planning for retirement. The seminars are designed to provide useful support in addition to, and independent of, the Government’s guidance service, Pension Wise. They will provide information only and do not include or constitute personal financial advice.
  
 Joanne Segars, NAPF, Chief Executive, comments,
 “Savers tell us they are positive about the pension freedoms but they are also aware of the risks they now face when managing their savings in retirement. We want to help savers make the most of the new freedoms and our partnership with WEALTH at work has been designed to do just that. We’ve made sure that these sessions are available to both individuals, who might want additional support when planning their retirement income, as well as schemes who may want to make the seminars available to their members.
  
 The seminars have been designed for anyone who is approaching retirement in the next couple of years, or is thinking about accessing their pension pot in the near future.”
  
 Jonathan Watts-Lay, Director, WEALTH at work – leading providers of financial education in the workplace comments,
 “We are delighted to be supporting the NAPF in delivering this new financial education service. Since the pension changes, it has never been more important to provide high quality financial education to those who are nearing retirement. We have been delivering financial education for many years and know what a difference it can make to savers as they work out how to get the most out of their pension and other savings and investments. Our programme will help savers answer 3 key questions, ‘what do I need to know, what are my options and how do I action them?”
  
 Fees for the course will be £210 + VAT for NAPF members and £395 + VAT for non-members. Further information on the seminars and how to book can be found on the
 NAPF website  

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