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Presentation to CIPD FINANCIAL EDUCATION AT HENDERSON GLOBAL INVESTORS

Presentation to CIPD FINANCIAL EDUCATION AT HENDERSON GLOBAL INVESTORS. Jeremy Mindell Henderson Global Investors. Wednesday 15 October 2010. Why financial education?. More responsibility sits with employees Defined Benefit gone for new employees Less certainty in: Length of employment

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Presentation to CIPD FINANCIAL EDUCATION AT HENDERSON GLOBAL INVESTORS

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  1. Presentation to CIPD FINANCIAL EDUCATION AT HENDERSON GLOBAL INVESTORS Jeremy Mindell Henderson Global Investors Wednesday 15 October 2010

  2. Why financial education? • More responsibility sits with employees • Defined Benefit gone for new employees • Less certainty in: • Length of employment • Pension outcome • Value of remuneration package

  3. More choice At Henderson we offer • Defined Contribution Plan – with choices for employees • Lifestyle & Freestyle • Nomination forms • Alternatives to Annuities • No default Retirement age

  4. Share Schemes Large choice for employees • BAYE (SIP) • SAYE (sharesave) • CSOP – all employee option plan • Discretionary plans Aim to obtain greater employee understanding and valuation of benefit But also look at diversification

  5. Who is the target audience? Henderson although in Financial Services • Don’t assume financial knowledge • Information not advice

  6. Presentations Linked to: • Tax Year • Share launches • Pensions • End of year • General

  7. Role of IFA • To go where no employer can go! • Face to face • Personal advice • FSA compliant • Relieves employer of responsibility • Deals with conflicts of interest • Share participation vs. diversification

  8. Communications • Desktop • IFA • Face to face • Presentations • Web cam • Newsbytes

  9. Challenges • Get the right people to the right presentations and events • Not always the usual suspects!

  10. Questions

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