In Q2, £4bn of taxable pension pots were withdrawn from pension. We haven’t seen a large increase with respect to our clients. This is only going to get worse until inflation settles.

Quite a worrying statistic. What do you think is the biggest reason for this?

The introduction of Auto-enrolment to DC schemes has lead to 22.4 m people invested in DC schemes in the UK. More than the 18.3 m invested in DB schemes. The average pot size of DB schemes still drastically outweighs DC schemes in total.

What made you get into Pensions?

Speaking with a client earlier who’s looking at a move to a master trust. There seems little to no advantage to not consolidating for small schemes right now. tPR are almost actively pushing this move.

The private members bill that was passed through parliament recently regarding auto enrolment and LEL. Could have a significant knock on effect to businesses depending on the demographic of their employees.

Providers mostly charge higher fees to GPP’s than Master-trusts of the same size (AUM). This is normally because they run in different platforms and make GPP’s a bigger pain for providers. A few providers in the market have both on the same platform and thus can charge the same

The large volume of Bond sell offs are causing high interest rates at the minute will cause strain to pension funds. Larger funds will not have to sell and thus not realise any losses. Another advantage of Mastertrusts.

Wrote a to-do list on Friday afternoon. Upon reading it this morning, you couldn’t have paid me any amount of money to remember what I wrote down.

First coffee in months. That’s when you know the early starts are catching up.

Is this the future? Will crypto be added to UK pensions in the coming years?

The introduction of pension pot for life has been a divisive talking point in pensions lately. What are your thoughts on it?

As a recent grad that specialises in DC schemes, I attended a talk that was DB focused yesterday. They may as well have been speaking Chinese.

If Luke Littler was to put the maximum annual allowance of £60,000 into his pension, he would have over £1 million if he retired in 50 years, assuming a 6% annual growth. But what 16 year old is thinking about their pension

As a grad new to pensions, what is the main thing you expect to see change to the industry as a result of the Labour election result?

Any tips for a new grad starting their ADRP exams soon? The Pensions Management Institute #exams

Moving into close proximity to the office has been a game changer! The ability to get in as much as possible allows me to learn off others and bounce ideas off my colleagues. It also removes a lot of the stress of the commute, which is largely underrated.

Monday in the office. Aim for the day: say Goodbye to the remaining Chair Statements on my desk 🤞

What organisation methods/apps do you use to keep workflow in check? Struggling to find one that works for me and allows me to stay on top of stuff as much as I’d like.

Recently been exposed to the world of group risk. Getting to know the type of work involved over the last few weeks has been very interesting. Still very much a beginner. Always happy to add a string to my bow.