The trustees of the Royal Mail Defined Contribution Plan (“RMDCP”) have chosen HUB Financial Solutions’ Destination Retirement as a financial wellness service for scheme participants who are planning for life after work.
The supplier of postal and delivery services’ defined contribution pension system has chosen a retirement advice and assistance service to assist pension scheme members in making crucial financial decisions in the run-up to retirement and beyond.
HUB Financial Solutions’ Destination Retirement is an innovative, digital service backed by skilled colleagues who are available online or by phone to provide RMDCP members with personalised recommendations on how to get the most out of their pension savings, as well as other savings and investments, as they consider how to transition from work to life after work.
RMDCP chair of trustees Venetia Trayhurn says: “Destination Retirement will be available to all our defined contribution scheme members and aims to provide high-quality support and affordable regulated advice as members plan how best to step back from their working lives and move into retirement.”
HUB Financial Solutions director Stephen Lowe says: “Trustees have a responsibility to act in the interests of their scheme members and the trustees of the RMDCP should be recognised and applauded for going beyond the regulatory minimum. It shows pragmatism about the difficult decisions faced by members and the value of offering support and advice.”
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