What should retirement life look like? There are several answers to that question, but common to them all is that it requires money. At the same time, life-changing events can significantly affect your pension savings. If you divorce or marry, if children become involved, if you lose your job for a period or you get a new job. These changes make it important to check whether you are saving up enough for your retirement and in the most suitable way.
In 2021, we launched Danica Update, which enables us to proactively contact customers if they experience life-changing events that will make it advisable for them to adjust their pension scheme. This relieves our customers of the burden of having to keep track themselves and worrying about whether they are saving up enough for their retirement or have the right insurance covers.
More customers feeling financially secure
Our focus on proactive advisory services indicates that our customers have a greater sense of financial security than customers of other providers. According to a survey performed by the market research company YouGov in 2021, only 5% of our customers felt that they had not saved up enough for their retirement, while the corresponding percentage for other providers was 14%. At the positive end of the scale, a full 22% believed to a very great extent that they have saved up enough for their retirement, compared to only 10% of customers of other providers.