JLT Wealth Management launches Road to Retirement to fill ...
PRESS RELEASE
JLT Wealth Management launches Road to Retirement to fill education and advice shortfall for employees prior to retirement and when taking benefits 18 March 2013 Financial decisions made at retirement can fix employees’ income for life, yet too many make uninformed choices - potentially losing thousands of pounds in retirement income, believes JLT Wealth Management. JLT has launched a new range of services, under the banner ‘Road to Retirement’, to ensure that employers can provide their workforce with effective pre and at retirement advice. The service supports employees in both defined benefit (DB) and defined contribution (DC) pension schemes. Road to Retirement packages a range of JLT’s services into an easy-to-access solution for employers. It includes:
A pre and at retirement information pack for all employees approaching retirement to provide effective guidance on choices at retirement
Pre and at retirement seminars that offer valuable financial guidance to employees in the run-up to retirement when many critical financial planning decisions are taken
Access to an online modeller and education material to help members understand the choices they have, along with a pensions telephone helpline
Access to an annuity broking service for members that should consider the Open Market Option (OMO) through The Annuity Bureau, who have been advising in this specialised area since 1989
An Executive Planning Service for members that may have specific and sophisticated tax planning issues, including wealth management and income drawdown pension advice
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
Jonathan Webb, Director, JLT Wealth Management, said: “Employers quite rightly focus much of their time on how employee members’ funds are managed, at what cost, and how well they are administered. Little or perhaps no time is spent on considering the shape and type of income their employees buy at retirement. This will be one of the most important financial decisions an employee will make – not least because for many this is a decision they get to make only once. This education and advice shortfall comes at a critical stage for employees and could significantly impact on their income at retirement.”
The JLT Road to Retirement Map
Richard A Williams, Director, The Annuity Bureau from JLT, said: “Far too many employees drift into retirement without really understanding their choices. The danger is that choosing the wrong option could cost them thousands of pounds over the course of a normal retirement. Many employers want to help their workforce to get the best possible deal in retirement, which is why we have launched the Road to Retirement as part of our employee benefits offering.”
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Enquiries: JLT Group Corporate Communications Isabella Young [email protected] +44 (0)20 7558 3387 Redleaf Polhill Mike Lord/Marlene Scott [email protected] / [email protected] +44 (0)20 7382 4747
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
Notes to Editors: About JLT Wealth Management JLT Wealth Management works with employers and individuals to produce solutions for those who have a requirement for wealth management. From investment portfolio construction and monitoring, to inheritance tax planning and ‘at retirement’ advice for individuals and keyman protection for employers, JLT Wealth Management advise clients on the full range of options available. www.jltwm.com About JLT Benefit Solutions Limited JLT Benefit Solutions Limited (JLT) is one of the UK’s leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs), Small Self Administered Schemes (SSASs) flexible benefits, healthcare, benefit communication and financial education. Authorised and regulated by the Financial Services Authority, JLT is part of the JLT Employee Benefits Group which through the recent acquisition of Alexander Forbes Consultants & Actuaries, now employs 2,000 professionals. In 2011 JLT Employee Benefits had revenues of some £137m. Other pensions and employee benefits companies within the JLT group of companies include: Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Benefit Solutions Ltd is part of Jardine Lloyd Thompson Group plc. www.jltgroup.com/employee-benefits About Jardine Lloyd Thompson Group plc Jardine Lloyd Thompson Group plc (JLT) is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism. JLT is quoted on the London Stock Exchange and employs over 7,000 people worldwide and through the JLT International Network provides services in more than 135 countries. www.jltgroup.com
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
JLT Wealth Management launches Road to Retirement to fill education and advice shortfall for employees prior to retirement and when taking benefits 18 March 2013 Financial decisions made at retirement can fix employees’ income for life, yet too many make uninformed choices - potentially losing thousands of pounds in retirement income, believes JLT Wealth Management. JLT has launched a new range of services, under the banner ‘Road to Retirement’, to ensure that employers can provide their workforce with effective pre and at retirement advice. The service supports employees in both defined benefit (DB) and defined contribution (DC) pension schemes. Road to Retirement packages a range of JLT’s services into an easy-to-access solution for employers. It includes:
A pre and at retirement information pack for all employees approaching retirement to provide effective guidance on choices at retirement
Pre and at retirement seminars that offer valuable financial guidance to employees in the run-up to retirement when many critical financial planning decisions are taken
Access to an online modeller and education material to help members understand the choices they have, along with a pensions telephone helpline
Access to an annuity broking service for members that should consider the Open Market Option (OMO) through The Annuity Bureau, who have been advising in this specialised area since 1989
An Executive Planning Service for members that may have specific and sophisticated tax planning issues, including wealth management and income drawdown pension advice
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
Jonathan Webb, Director, JLT Wealth Management, said: “Employers quite rightly focus much of their time on how employee members’ funds are managed, at what cost, and how well they are administered. Little or perhaps no time is spent on considering the shape and type of income their employees buy at retirement. This will be one of the most important financial decisions an employee will make – not least because for many this is a decision they get to make only once. This education and advice shortfall comes at a critical stage for employees and could significantly impact on their income at retirement.”
The JLT Road to Retirement Map
Richard A Williams, Director, The Annuity Bureau from JLT, said: “Far too many employees drift into retirement without really understanding their choices. The danger is that choosing the wrong option could cost them thousands of pounds over the course of a normal retirement. Many employers want to help their workforce to get the best possible deal in retirement, which is why we have launched the Road to Retirement as part of our employee benefits offering.”
-Ends -
Enquiries: JLT Group Corporate Communications Isabella Young [email protected] +44 (0)20 7558 3387 Redleaf Polhill Mike Lord/Marlene Scott [email protected] / [email protected] +44 (0)20 7382 4747
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
Notes to Editors: About JLT Wealth Management JLT Wealth Management works with employers and individuals to produce solutions for those who have a requirement for wealth management. From investment portfolio construction and monitoring, to inheritance tax planning and ‘at retirement’ advice for individuals and keyman protection for employers, JLT Wealth Management advise clients on the full range of options available. www.jltwm.com About JLT Benefit Solutions Limited JLT Benefit Solutions Limited (JLT) is one of the UK’s leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs), Small Self Administered Schemes (SSASs) flexible benefits, healthcare, benefit communication and financial education. Authorised and regulated by the Financial Services Authority, JLT is part of the JLT Employee Benefits Group which through the recent acquisition of Alexander Forbes Consultants & Actuaries, now employs 2,000 professionals. In 2011 JLT Employee Benefits had revenues of some £137m. Other pensions and employee benefits companies within the JLT group of companies include: Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Benefit Solutions Ltd is part of Jardine Lloyd Thompson Group plc. www.jltgroup.com/employee-benefits About Jardine Lloyd Thompson Group plc Jardine Lloyd Thompson Group plc (JLT) is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism. JLT is quoted on the London Stock Exchange and employs over 7,000 people worldwide and through the JLT International Network provides services in more than 135 countries. www.jltgroup.com
JLT Wealth Management. A trading name of JLT Wealth Management Ltd. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No.03876529. VAT No. 244 2321 96.
