We recognise with the introduction of pensions freedoms and increased flexibility, changes to the state pension and the ongoing drift from DB to DC provision, there is significantly more choice and complexity facing members of all types of benefits arrangements. It is also true that whilst pensions savings remain an important, if not the most important source of income in retirement, for many this is not the only source.
We also see a growing need for Trustees & Sponsors to understand the emerging risks that pensions ‘freedom & choice’ can present in the future. Our view is that these risks cannot be managed by solely focussing on those employees with assets at retirement, but requires a solution that helps to educate and support all employees throughout their careers.
Our solution achieves this by combining simple, easy to understand financial engagement modules with a modern flexible technology application. These modules can be targeted to segmented groups of employees on key themes, such as those within a year of retirement, or those saving for pensions for the first time as a result of AutoEnrolment. They can be delivered in a number of ways, including face to face seminars delivered by qualified Independent Financial Advisers.
Our service is tailored around client’s existing employee benefits package, so that it is relevant to each employee’s personal situation. Sponsors and Trustees also benefit from a risk based management tool that provides a year on year summary of financial engagement interactions across the entire employee population.
For a demonstration of our Employee Financial Engagement Portal please contact us.