​The pharmaceutical industry, once known for long term job security, is facing significant changes.

In recent years, layoffs and staff restructuring have become more common, affecting employees across various roles and company sizes.

In 2024, the biotech and pharmaceutical sectors experienced a notable increase in workforce reductions, with 192 layoff rounds reported industry-wide, affecting over 15,000 employees. ​

Several factors contribute to this trend, including portfolio reprioritisation, clinical trial failures, corporate reorganisations, mergers and acquisitions, and political environment that raised the risks.

For professionals in the pharmaceutical industry, adapting to this new reality is very important in 2025. 

Contact Q Financial Advisors Now for a free consultation and start building a pension plan that works for you.

 

Pharmaceutical Pension Strategies: How to Stay Financially Secure

With job stability decreasing, it’s more important than ever to take control of your pension and financial planning. Here are some key steps to secure your future:

1. Stay Informed About Industry Changes

Keep an eye on market trends, company financials, and government pension policies. Auto-enrolment is coming in 2025, and it’s crucial to know how this affects your savings.

2. Maximise Employer Contributions

If your employer offers pension contributions, make sure you’re taking full advantage of them. Some companies match your contributions, essentially giving you free money for retirement.

3. Diversify Your Pension Investments

Depending on your risk tolerance, you might want to spread your pension savings across multiple funds. This ensures long-term growth and protects your retirement plan from market downturns.

4. Update Your Pension Plan Regularly

Your financial situation can change – redundancies, promotions, or new job opportunities all impact how you should approach retirement savings. Reviewing your pension plan ensures it’s always working in your best interest.

5. Seek Expert Financial Advice

Pension planning can be complex, especially in a changing industry. Speaking to a professional financial advisor can help you make informed decisions and maximise your savings.

How Employers Can Support Their Workforce

Companies undergoing redundancies have a responsibility to support their employees. Best practices include:

  • Transparent Communication – Clearly explain the reasons behind layoffs.
  • Outplacement Services – Offer career transition support for affected employees.
  • Pension Guidance – Provide financial education and pension advice to remaining staff.

By doing this, businesses can maintain morale and trust even during uncertain times.

 

Get Expert Pension Advice from Q Financial

Pension planning can be complex, especially in a changing industry. Speaking to a professional financial advisor can help you maximise your savings, reduce tax liabilities, and secure a better future.

📞 At Q Financial Advisors, we provide expert pension advice tailored to your career and financial goals.

💬 Ready to secure your future? Get in touch today!

👉 Contact Us Now for a free consultation and start building a pension plan that works for you.