Episode 43: Retirement Planning for HR

HR Voices

A podcast for independent HR and people professionals, and the businesses they support.

Hosted by Mary Asante and Charlotte Allfrey of HR Independents Ltd.

DATE: 17th February 2025

Episode 43: Retirement Planning for HR

Guest: Anne Cannings, Retirement Pathways

In this insightful episode, Mary Asante and Charlotte Allfrey are joined by Anne Cannings from Retirement Pathways to explore the complexities of retirement conversations in the workplace. Together, they unpack the challenges and opportunities of discussing retirement in a supportive and structured way.

What to Expect in This Episode:

• Breaking the Taboo: Understanding why retirement discussions have become sensitive topics for both employers and employees and how to normalise these conversations.

• Practical Steps for HR Professionals: Strategies for organisations to provide support and create a culture where these discussions are safe and beneficial.

• The Retirement Journey: Exploring the three key aspects of retirement planning – psychological transition, financial planning, and leaving the workplace well.

• Independent Consultants and Retirement: Tailored advice for self-employed professionals on planning for the future.

Key Takeaways:

• Normalise the Conversation: Create an environment where discussing retirement is as common as talking about career development.

• Support Through Training and Resources: Equip managers with the skills to have these conversations and provide employees with access to retirement planning resources.

• Start Planning Early: Encourage retirement preparation from mid-career onwards to ensure a smoother transition.

• Don’t Neglect the Non-Financial Aspects: Psychological and emotional readiness is just as important as financial planning.

Top Tips from Anne Cannings:

1. Start the conversation early – it’s never too soon to plan for retirement.

2. Provide safe spaces and workshops for employees to discuss their retirement vision without stigma.

3. Make resources easily accessible, including coaching, webinars, and financial advice.

4. Encourage succession planning as part of ongoing professional development to avoid last-minute disruptions.

5. Consider legal aspects such as wills and lasting powers of attorney as part of holistic retirement preparation.

Looking Ahead:

Mary, Charlotte, and Anne emphasise the importance of making retirement planning a collaborative, empowering process that benefits both the individual and the organisation. With thoughtful planning and open communication, everyone can look forward to a positive transition into this significant stage of life.

 

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