Beyond Savings: Secondary Pensions to Shape the Future of our Community

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Event Details

We all know that saving for retirement is essential for our future comfort and security, but have you ever thought about where your pension money is invested and the impact it could have on our island?

With the secondary pension scheme on the horizon, we're bringing together Helen Dean, CEO of Nest (the UK Government workplace pension scheme) and Peter Neville, from Guernsey Community Savings to explore:

The impact of initiatives like Nest and Your Island Pension (YIP) in securing more people's financial futures.
How responsible and ethical investing can bring about far-reaching community benefits.
The importance of fostering a culture of "save now and for the future."
How both organisations empower individuals with financial literacy and saving skills

This event goes beyond just talking about the benefits of the secondary pension scheme. It aims to inspire our audience with the possibilities of responsible investment strategies and how significant policy decisions can shape community welfare.

Drawing from her experience with NEST, Helen Dean will share the challenges and triumphs of gaining buy-in from all sectors of the business community. Her conversation with Peter will cover the why, what, and how of supporting the community towards greater financial stability and resilience.

This event serves as a useful primer for employers and employees looking beyond the secondary pension scheme.

It's for pension fund managers, socially-minded investors, and anyone supporting those striving for financial security.

Agenda

April 17, 2024

12

⁰⁰

Registration and networking

12

¹⁵

12

²⁰

Welcome address & Sponsor Introduction

12

²⁰

12

³⁰

Setting the Scene: Deputy Peter Roffey

12

³⁰

13

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Fireside Chat: Peter Neville Founder Guernsey Community Savings & Helen Dean CBE, CEO Nest

13

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13

¹⁵

Q& A

13

¹⁵

14

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Lunch & Networking

Speakers

Helen Dean CBE

CEO of Nest Pensions

Helen Dean CBE, CEO of Nest Pensions, is one of the architects of auto enrolment and responsible for bringing 9 million UK workers into pension saving...

Peter Neville

Founder and Chair of Guernsey Community Savings

My vision for Guernsey Community Savings was to eliminate financial exclusion as far as possible in Guernsey. This has involved two streams of work. F...

Helen Dean CBE, CEO of Nest Pensions, is one of the architects of auto enrolment and responsible for bringing 9 million UK workers into pension saving. During her time at DWP Helen was tasked with coming up with a solution to the UK’s chronic under-saving in pensions. Her degree in psychology led Helen to behavioural economics. Finding compulsion too extreme, Helen and her team started to explore nudge theory. Fast forward and having designed and built the policy that would change the face of pension saving in the UK, Helen moved to PADA, Nest’s predecessor. Here she moved from policy to delivery. Helen and the PADA team were faced with a blank piece of paper and a big challenge – to build a low-cost, high-quality pension scheme from scratch.

In the last 8 years Helen has led the product, marketing and operations arms of Nest, before her appointment as CEO in September 2016. Since then, Helen has been at the helm of one of the largest pension schemes in the UK. Using her position to support women in pensions, Helen is a mentor to female pensions and non-pensions professionals, offering guidance and coaching. Helen has signed the Women in Finance Charter on behalf of Nest, overseen the creation of Nest’s first diversity group and published Nest’s gender pay report despite not being required to. Helen is committed to bringing more diversity to Nest’s senior team and is working with her board to establish a senior leadership programme to cultivate the next generation of diverse leaders for Nest.

Fireside Chat: Peter Neville Founder Guernsey Community Savings & Helen Dean CBE, CEO Nest

My vision for Guernsey Community Savings was to eliminate financial exclusion as far as possible in Guernsey. This has involved two streams of work. Firstly, our friendly and expert staff help our clients access an account provided by VFX Financial, a money transmission business. We introduce clients to VFX while helping them to meet identification requirements. GCS is not a regulated financial services business, and this means we can reduce financial exclusion while avoiding the cost and complexity that applies to banks and other regulated firms. Secondly, and of growing importance, is the provision of money management advice. The ability to manage money is essential both for the individual and for the economy in general. GCS is spending more and more time providing this service, not only directly to our clients, but also to third parties.

Fireside Chat: Peter Neville Founder Guernsey Community Savings & Helen Dean CBE, CEO Nest

Chamber Member: Connect & Collaborate

Member Price

Enjoy an exclusive networking opportunity at a discounted member rate with our 'Connect & Collaborate' ticket. This ticket is on a networking table designed to offers a unique chance to engage with industry leaders and peers, enhancing your professional network.

£26.50

Non Member Discovery Ticket

Public Price

This ticket is your opportunity to experience the vibrant community and professional benefits of our community with this special access ticket for non-members. You can sit at any of the networking tables to meet industry experts and peers, offering a glimpse into the exclusive networking opportunities our community provides.

£36.50

Corporate Hospitality Table

Member Price

Experience the perfect way to host and entertain clients and staff. Secure a full table for 8 people to enjoy a reserved, well-positioned table with your corporate logo prominently displayed.

£212.-

Sponsors and Partners

The States of Guernsey has introduced the Secondary Pensions regulations to help islanders save for their retirement and reduce pensioner poverty.

What are Secondary Pensions?

Secondary Pensions is new legislation that requires employers to provide a pension scheme for their employees. Ten years ago, the UK introduced auto-enrolment, and its has proven to be very successful in helping employees save for retirement.

Secondary Pensions brings similar requirements locally with a legal requirement for employers to enrol relevant employees into a suitable pension. It is anticipated that this will significantly increase the percentage of the working population saving for their retirement, by ensuring that employees are automatically enrolled into a pension scheme.

Your Island Pension (YIP)

To help employers and to ensure that all employers can comply with the new requirements, the States of Guernsey has facilitated the creation of Your Island Pension (YIP) which is a simple, compliant and affordable pension scheme that helps islanders save for their retirement goals.

Beyond Savings: Secondary Pensions to Shape the Future of our Community

Event Details