Pensions Awareness Week officially takes place 11 September – 15 September 2023 and it’s the perfect time to stop and think, how much do your employees know (or care) about their pension?
It’s been ten years since the introduction of automatic enrolment which was intended to help people make provisions for their retirement. Since the rollout of auto-enrolment, the participation rate has reached 88% according to the figures from Department for Work and Pensions, with economic pressures from the pandemic having very little impact on the pension opt-out rates.
As the UK now faces a cost-of-living crisis and the possibility of an economic recession, employee financial wellbeing becomes an even more important topic of conversation. Employees will be keen to know how to make their money stretch further, not just under the current economic climate, but also in the long run to fulfil their future objectives, for example, retirement plans.
When it comes to financial wellbeing, information is key. By providing your employees with reliable, helpful information you’re empowering them to make informed decisions to benefit their future.
Download your free Employee FAQ Guide to Pensions
As part of Pensions Awareness Week, we’ve put together a guide which helps answer some of the most commonly asked pension questions such as What makes pensions more rewarding than other kinds of savings? Would I benefit from combining my pensions into one? What are my options for taking my money?
Download the Employee’s FAQ Guide to Pensions here
Do you need help with your pension engagement from pension specialists?
To find out more about how the team of pension specialists at Growth Partners can help you with your pension member engagement, please get in touch with us today or read more on our pension services page.