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Marloes Nicholls @marloesnicholls.bsky.social · 16h

Sue Owen asked what her pension savings are being invested in - and was horrified.
Ep. 3 of this brilliant new podcast explains how the pensions industry continues to fuel the climate crisis. But you can write to your MP today to call for Government action actionnetwork.org/letters/writ...

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Prospect Union @prospectunion.bsky.social · Aug 21

🚨 Prospect research reveals women lose out on £7,600 a year in retirement.

A 36.5% gender pension gap – that's double the gender pay gap.

This inequality is unacceptable. Government must take real action now to close the gap.

Gender gap means retired women ‘have four months a year with no pension’

Income inequality means women in effect stop receiving a pension from 21 August, union leaders say

www.theguardian.com

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Finance Innovation Lab @thefinancelab.bsky.social · Jul 21

The new Pensions Commission must tackle the inequality at the heart of the UK’s pension system.
~2/3rds of pension wealth is held by the richest 10%, while millions face hardship in retirement.
Read our statement from @marloesnicholls.bsky.social, Head of Advocacy: filab.uk/46YlcPU

Lab Statement: Launch of a new Pensions Commission - Finance Innovation Lab

In response to the announcement that the government are launching a new Pensions Commission to examine the reasons why so many people are facing the prospect of poverty in retirement and to make…

filab.uk

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Women's Budget Group @womensbudgetgrp.bsky.social · Jul 24

We’re excited to launch our new report on the gender wealth gap — examining the scale of inequality and the role wealth taxation could play in addressing it. Wealth inequality is wider than income inequality — and deeply gendered.

Read it here: 👇
www.wbg.org.uk/publication/...

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Marloes Nicholls @marloesnicholls.bsky.social · Jun 30

The Pension Schemes Bill is a critical chance for the government to protect our savings and retirements from the risks of climate change.

Read our proposal: www.netzeroinvestor.net/news-and-vie...

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Finance Innovation Lab @thefinancelab.bsky.social · Jun 23

Why are our pensions being used to fund fossil fuels and deforestation to the tune of billions of pounds, threatening our prosperity in older age and indeed our savings?

Today @annagelderdmp.bsky.social‬ rightly asked the government what the new Pension Schemes Bill would do to change this.

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Marloes Nicholls @marloesnicholls.bsky.social · May 21

We can't retire if the planet's on fire.

It was fantastic to kick start a debate in parliament this week, with partners across civil society and industry, on the major opportunity the government has to align its landmark pension reforms with sustainability.

Reposted by Marloes Nicholls

Finance Innovation Lab @thefinancelab.bsky.social · May 19

Current defined contribution schemes work like savings accounts and leave too many with insufficient pensions. Our CEO @jesselgriffiths.bsky.social‬ was in parliament last week discussing new proposals for pensions.

DC pensions are like savings accounts which makes it harder for funds to take risk

Defined contribution pensions operate more like a savings account meaning funds are wary of taking higher risks with investments, MPs were told.

filab.uk

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Independent Age @independentage.bsky.social · May 1

📢 With @thefinancelab.bsky.social, we're calling on the UK Govt to transform the pensions system.

The system should support everyone to save for a financially secure retirement. Right now, that's not happening.

The UK Govt must reform the system to ensure we all have enough to live on in older age

Finance Innovation Lab @thefinancelab.bsky.social · Apr 30

The biggest review of the pensions system in a generation is underway.
We're calling for:

💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.

Sign now: to.350.org/pensions

@350.org

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Marloes Nicholls @marloesnicholls.bsky.social · May 2

It was fantastic to meet with officials leading the government’s landmark Pensions Review this afternoon, together with inspiring civil society and union colleagues. We're advocating to ensure that as we get older, we all have enough money and a thriving planet to live on.

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Marloes Nicholls @marloesnicholls.bsky.social · May 2

Civil society organisations, unions, and a host of celebrities have joined forces to call on the government to fix the UK’s pensions system.

Here’s my comment for PensionsAge

www.pensionsage.com/pa/New-campa...

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ShareAction @shareaction.bsky.social · May 1

The biggest review of the pensions system in a generation is underway. Sign the petition for:

💷 Decent pensions for all
☀️ A just transition to a thriving low-carbon economy
🚫 A phase-out of funding for fossil fuels, deforestation & other harmful industries

✍️ act.350.org/sign/fairer-...

Promotional image urging people to sign a petition for fairer and greener pensions. The background features a blue gradient with wind turbines, and the text reads: 'Tell Pensions Minister Torsten Bell WE DEMAND FAIRER GREENER PENSIONS FOR EVERYONE.' There is a blurred-out face of a person in a suit on the right side. At the bottom, there is a button that says 'SIGN THE PETITION.' Photo credit: Roger Harris, CC BY 3.0 via Wikimedia Commons.

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Jack Jones @jackjonestuc.bsky.social · Apr 30

Big opportunity for the government to shape pensions policy for decades to come.

Vital that they show plenty of ambition.

New Economics Foundation @neweconomics.bsky.social · Apr 30

The biggest review of pensions in a generation is underway.
We're want:
💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.
Sign now: to.350.org/pensions

Image of wind turbine and solar panels. Text reads: demand fairer, greener pensions for everyone. Sign the petition.

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Marloes Nicholls @marloesnicholls.bsky.social · Apr 16

The Lab’s @JesseLGriffiths explains how the key to tackling the UK’s under-investment problem and driving the just transition will be pensions reform allied to a scaled-up National Wealth Fund ⬇️ @netzeroinvestor
www.netzeroinvestor.net/news-and-vie...

www.netzeroinvestor.net

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Jesse Griffiths @jesselgriffiths.bsky.social · Apr 11

At the end of a slightly terrifying week, where a major financial crisis was averted – for now – I thought I’d reflect on whether such a crisis might happen anyway, and what this means for UK financial sector policy.

A thread.
/1

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Marloes Nicholls @marloesnicholls.bsky.social · Apr 2

Here’s a bit of background: financeinnovationlab.org/the-chancell...

The Chancellor's megafunds won't fix our slow-burn pensions crisis: far bigger reform is needed - Finance Innovation Lab

This article was written by CEO Jesse Griffiths. It first appeared on LBC, it can be read here. Low pension savings and growing economic threats from climate change mean most people face miserable ret...

financeinnovationlab.org

Marloes Nicholls @marloesnicholls.bsky.social · Apr 2

Great to be part of the @tuc.org.uk pensions conference today!
I asked Torsten Bell why the government’s once-in-a-generation Pensions Review doesn’t consider the climate crisis when that could have far greater implications for growth + future pensions than proposals like consolidation

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Marloes Nicholls @marloesnicholls.bsky.social · Apr 2

Find out more here: neweconomics.org/2024/10/nati... @neweconomics.bsky.social @chaitanyakumar.bsky.social @theoharris.bsky.social

National wealth fund could raise £100bn by issuing its own bonds

NEF analysis suggests the fund could raise £14 of private investment for every £1 of public money spent

neweconomics.org

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Make My Money Matter @makemymoneymatter.bsky.social · Mar 5

Before we close our doors on Friday, we wanted to share some fantastic organisations we've worked with. Follow them for more 💚

🌱 @thefinancelab.bsky.social
🔥 @fossilfreeldn.bsky.social
💰 @bankgreen.bsky.social
👀 @globalwitness.bsky.social
🗳️ @shareaction.bsky.social
✊ @tippingpointuk.bsky.social

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Make My Money Matter @makemymoneymatter.bsky.social · Feb 12

🚨 NEWS: we've updated our climate ranking of the biggest UK pension providers 🚨

There's been pockets of progress but the average score is shockingly low at 4.5/10 🤯We need pension providers to do better.

They're looking after OUR money. It's our future they're risking.

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Positive Money UK @positivemoneyuk.bsky.social · Feb 12

"We must not forget the lasting damage done by the global financial crisis."

There is no growth in an economy so poorly regulated that it crashes.

It's reassuring to see the Bank of England governor knows this.

www.theguardian.com/business/202...

‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

www.theguardian.com

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Platform @platform1983.bsky.social · Feb 6

Last year, the government committed to a landmark Pensions Review - the first opportunity in two decades to overhaul the £3 trillion private pension system.

🤔 So what does this mean for the divestment movement?

👇👇

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Marloes Nicholls @marloesnicholls.bsky.social · Jan 28

The UK's looming pensions crisis can't be solved by individual actions alone. If we're to retire with decent incomes on a liveable planet, the government must ambitiously progress the 'Pensions Review' (the first opportunity to overhaul the system in 20 years). Please could you raise this too?

Martin Lewis @martinlewis.moneysavingexpert.com · Jan 27

Pensions Special! How to save, boost, protect & take your pension. Tue @itvMLshow 8pm. One of the most important shows I'll do, pls watch & spread word.

How to start a pension, consolidation, how to get your money out & more. GOT QUESTIONS JUST REPLY HERE #MartinLewis

Marloes Nicholls @marloesnicholls.bsky.social · Dec 16

Widespread disappointment over pension review delay reported in PensionsAge www.pensionsage.com/pa/Pensions-...

'Widespread disappointment' over pension review delay

The pensions industry has expressed its disappointment at the news of a potential delay to the second phase of the government's Pension Review, with particular concerns raised over the impact on auto-...

www.pensionsage.com

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Finance Innovation Lab @thefinancelab.bsky.social · Dec 16

The Chancellor has postponed a vital review of the UK’s broken pensions system.
www.ft.com/content/d102...

Our Head of Advocacy, @marloesnicholls.bsky.social, responds ⬇️

White text on a grey background: It's extremely worrying that the Chancellor appears to be stepping back from Labour's promise to fix the UK's broken pensions system.
As things stand, millions of us are going to be facing poverty in retirement. The Pensions Review is a once-in-a-generation opportunity to stop the UK from sleepwalking into this crisis. There will never be an easy time to overhaul the system, but kicking the can down the road now is simply irresponsible.

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