E50: Starting a pension from £0 at 50 years old with Hannah Martin, Simonne Gnessen and Sarah Durber
About this episode
The episode discusses how individuals over 50 can start building a pension from scratch, featuring insights from financial experts.
An estimated 7 million people aged over 50 in the UK have no private pension savings at all. Here's the reality: if you're one of them, it can feel too late to start. It isn't. Whether it's career breaks, the cost of living, a divorce, or simply never getting round to it - millions of people reach 50 with little or nothing put away. So how do you go from £0 to a pot that actually makes a difference? Join our host, Philippa Lamb, and our expert panel as they discuss starting a pension from scratch at aged 50: Founder of Rich Retiree , Hannah Martin; Founder of Wise Monkey Financial Coaching , Simonne Gnessen; and VP Customer Success at PensionBee ; Sarah Durber. Episode breakdown 01:41 When did our panellists start saving? 03:31 Why so many people reach 50 with no pension 06:56 The real cost of opting out 11:16 Pension Sharing Orders and divorce 13:11 How to start from £0 at 50 years old 17:27 Making the most of your workplace pension 19:26 How contributing just a little more adds up 26:26 Property, side hustles, and creative retirement strategies Further reading, listening and watching: To learn more about building your pension later in life, check out these articles and podcasts…
People in this episode
Host: Philippa Lamb
Guests: Hannah Martin, Simonne Gnessen, Sarah Durber
Topics covered
- starting a pension
- financial planning
- retirement strategies
- pension savings
- over 50 financial advice
Keywords
- pension
- financial advice
- retirement
- savings
- over 50
- investment strategies
- pension planning
Mentioned in this episode
Organizations: PensionBee, Rich Retiree, Wise Monkey Financial Coaching
More episodes of The Pension Confident Podcast
- BONUS EPISODE: "I put my money where my mouth is"
- BONUS EPISODE: How does market volatility shape your pension pot?
- E51: How to resist lifestyle creep with Clare Seal, Edoardo Moreni, and Alex Langley
- BONUS EPISODE: "I've often said that I retired when nobody wanted me anymore"
- BONUS EPISODE: Should you buy Premium Bonds or save into a Cash ISA?
- BONUS EPISODE: "As soon as I left that job, the pension stopped"
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