New landscape for pensions and employment

Norman Barry, MD of Insight Private Clients Ltd, says growing life expectancy figures are greatly impacting how we think about pensions

Pensions awareness is key to getting employees to engage. Only then can informed decisions be made regarding the type of financial lifestyle they can expect when they retire. 

Despite higher inflation, poorly performing investment markets and growing questions about the global economy heading towards a recession, the employment market is still buoyant for most employees. 

Data has shown the jobless rate hovering at the level it stood at before the Covid-19 pandemic. The May 2022 unemployment reading was revised down to 4.2% from 4.7% and June amended to 4.3% from 4.8% previously.