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Secondary pensions expert visits the island

Secondary pensions expert visits the island

Wednesday 12 October 2022

Secondary pensions expert visits the island

Wednesday 12 October 2022

Sovereign Pension Services is welcoming the CEO of National Employment Savings Trust Pensions to the island this week, where she will be sharing her experiences of auto-enrolment in the UK since its introduction 10 years ago.

Helen Dean CBE was involved in the design and implementation of auto-enrolment and is now responsible for delivery as CEO of one of the largest pension schemes in the UK.

Since being selected as the preferred bidder for the Your Island Pension (YIP) Scheme by the States of Guernsey earlier this year, Sovereign Pension Services has been proactively engaging with the senior team at NEST to discuss issues, challenges and positives that were encountered following the introduction of auto-enrolment in the UK, in an effort to learn from the experiences of others, prior to the introduction of Secondary Pensions in Guernsey. 

Ms Dean will be speaking at a lunchtime member meeting of the Guernsey Association of Pension Providers (GAPP) today.

She said: “I’m delighted to be sharing the lessons learnt from the UK’s auto enrolment programme. In a decade we’ve reversed the decline in pension contributions to help more than 10 million people better prepare for their retirement. It’s taken a lot of hard work and dedication, from people across the pensions industry, but at its heart was the realisation that many people needed help to get their pension saving started.” 

Sean Gillease – Managing Director of Sovereign Pension Services and Executive Committee Member of GAPP said: “I am hugely grateful to Helen for the time and support she and her team at Nest Pensions have already afforded to us in recent months. It is a huge benefit for us all in Guernsey to be able to hear first-hand from someone who has been so closely involved at all stages with auto-enrolment in the UK and on behalf of Sovereign and GAPP I would like to thank Helen for taking the time to come across to Guernsey and speak to us.

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