Meet Our Team – Rebecca Wright, Head Of Auto Enrolment
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Rebecca Wright is the Head Of Auto Enrolment at True Potential Investor.
Since being implemented in 2012, Auto Enrolment has helped employers to establish a Workplace Pension scheme for their employees. Here Rebecca explains the importance of Auto Enrolment, and gives her insight into working at True Potential Investor.
What do you enjoy about working in the Auto Enrolment team?
There’s never a quiet day!
Both the team and our clients are very diverse; in the office, we have a mixture of cold callers, technology demonstrators, account managers and support specialists. Our clients range from your local corner shop right up to firms with thousands of employees, which keeps the job interesting.
Auto Enrolment is something that employers can find daunting, so it’s great to be able to assist them with their process, and with educating their employees on the importance of saving.
What difference has Auto Enrolment made since its introduction?
More than 8.5 million people have begun saving into a workplace pension since Auto Enrolment was introduced in 2012. That’s a tremendous number of people who are now taking control of their own financial futures. Many of those people may never have had a saving account before and would not have considered paying into a Pension if it wasn’t for Auto Enrolment.
Why is it so important for people to think carefully about their Workplace Pension contributions?
It’s important that people know how much they’ll need in order to live comfortably after retirement. The value of State Pension is not guaranteed, so people may need to think that what they save themselves could be their only source of income.
Once you know how much you need, True Potential Investor makes it easy to work out how much you should be putting away to ensure you always remain on track for your goal.
It’s easy for people to make excuses for not paying into a Pension, but the earlier you start with saving the better – it’ll be a lot easier to save a small percentage of your income now than a large percentage when you’re closer to retirement!
It’s also worth remembering that for many people their employer must also make contributions, but if you chose not to pay in yourself then your employer doesn’t have to either – so you could be losing out by not paying in.
What makes True Potential Investor special?
It’s different to anything else on the market, we believe in giving clients complete oversight of their investments, so you’ll be able to see exactly how much is in your chosen fund on any day of the week.
You can also work out your expected retirement income and easily make changes to how much you pay into your pension, we even notify the employer of these changes to make it even easier for employees to save.
If an employee isn’t ready to invest more money, but instead wants to work out how they can improve their spending habits, then they can do so using our Personal Finance feature in the True Potential Investor app. This upcoming addition to the app allows clients to categorise their spending and set budgets.
What are you most excited about in regard to the future of the company?
I’ve been with True Potential for just over two years. The company has grown massively, and continues to grow and develop award winning technology. It’s great to be part of and I can’t wait to see where we’ll be in another two years’ time.
Learn more about Auto Enrolment.