WHAT INFLATION MEANS TO OUR PENSIONS AND SAVING FOR THE FUTURE | Romi Savova

Podcast Radio Business Interviews

PensionBee CEO Romi Savova,talks to Clayton M. Coke of Podcast Radio Business to discuss what inflation means for our pensions and saving for the future ...while saving the future.

PensionBee offers a new Impact Plan to allow contributions to be invested in companies tackling challenges such as better healthcare, education, and cleaner energy. Moving the £1 trillion invested in UK defined contribution pensions (that are mostly held in default schemes) to positive impact funds could reduce the carbon footprint of UK pensions by up to 48 million tonnes. Most default workplace pension schemes remain invested in fossil fuels - UK pension schemes investing an estimated £128 billion in coal, oil and gas.

Leading UK pension provider PensionBee has calculated that moving the £1 trillion invested in UK defined contribution pensions (that are mostly held in default schemes) to positive impact funds could reduce thecarbon footprint of UK pensions by up to 48 million tonnes.

The majority of default workplace pension schemes remain invested in fossil fuels, with UK pension schemes investing an estimated £128 billion in coal, oil and gas.

This new finding comes as PensionBee launches a new Impact Plan to the general public that will allow savers to invest their retirement funds exclusively in companies that have a positive impact on the planetand society. PensionBee’s new Plan will invest in companies tackling challenges such as better healthcare, education and cleaner energy.

According to PensionBee research, over half of savers would move their pension to a positive impact fund if they had the choice – equivalent to approximately 14 million Brits.

Thousands of the leading online pension provider’s existing customers have committed over £50m in switches in advance of today’s fund launch.