Analysis – Page 5
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AnalysisHow to encourage active decision-making surrounding pension investments
Need to know: Employees can self-select their pension fund, rather than remaining invested in the default option; this can help staff better tailor investments to their personal circumstances.Financial education around available pension fund options can help employees make informed, active investment decisions.Communications should be clear, simple and feature a mix ...
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AnalysisHow can behavioural psychology tailor workplace savings messages to staff?
Need to know:A behavioural psychology approach to workplace savings communications can help employees develop positive savings habits.The language used in communications should target different motivators to ensure that the underlying message resonates with as many employees as possible.Employees sharing personal experiences can help to motivate behaviour change, but employers must ...
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AnalysisPensions versus other workplace investments: what are employees' options?
Need to know:Pensions are still viewed as the primary workplace savings vehicle for employees, but other tools include the corporate Individual savings account (Isa) or the Lifetime individual savings account (Lisa).The Pension Freedoms Act has made pensions more accessible and potentially more desirable as a savings vehicle, but employees may ...
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AnalysisWhat support can employers give in the decumulation pension phase?
Need to know:Employers should talk early and openly with employees on the subject of retirement, so they can benefit from long-term support systems.Technology can provide financial support and education to the majority of employees, while those with assets may need signposting to an independent financial adviser.Nudges should be engaging rather ...
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AnalysisIn numbers: The value of financial advice regardless of wealth
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...What support can employers give in the decumulation pension phase?Gerald Eve’s open dialogue around decumulation helps employees plan for retirement
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AnalysisHow can employers protect staff from falling prey to pension scams?
Need to know:Employers are ideally placed to help increase financial literacy around pension scams.Engaging employees and becoming a trusted source of information will empower staff to recognise fraudsters.All communication channels need to be used to regularly alert employees about what to look for.Since the introduction of pension freedoms in 2015, ...
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AnalysisIn numbers: Pension scam fears, risks and reporting among those over the age of 55
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...How can employers protect staff from falling prey to pension scams?Tim Middleton: Effective communications can protect employees’ pensions
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AnalysisThe role of ESG funds in pension investment strategies
Need to know:ESG funds, which are different from ethical funds, consider the environmental, social and governance impacts of the organisation being invested in.Employers should use positive case studies to demonstrate to employees how their pension investment is affecting wider environmental, social and governance factors and projects.An organisation’s default investment fund ...
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AnalysisInfographic: How does responsible investing influence how members feel about their pension?
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...The role of ESG funds in pension investment strategiesVivek Roy: How can employers incorporate ESG into their pension investment portfolio?
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AnalysisTop considerations when selecting a master trust provider
Need to know: Employers need to consider a range of issues when picking a master trust including financial security and future plans.Employers should consider what will work best for members, including investment strategy.It is important to keep any scheme under review to ensure it remains fit for purpose.For some employers, ...
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AnalysisIs there a need for better targeted pensions education for female employees?
Need to know:Research published by Aon in 2016 indicates that women have lower levels of financial confidence than men. This has a domino effect on how they then make decisions around saving for retirement.A pensions education programme that discusses retirement savings in relation to taking time away from work to ...
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AnalysisWhat can the UK learn from European benefits reforms?
Need to know:Some European countries, such as the Czech Republic and Spain, have increased paternity leave to reinforce a focus on gender equal family-friendly policies.Poland and Turkey are among the latest European countries to implement pensions auto-enrolment initiatives to help combat the financial implications of an ageing population.Larger organisations may ...
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AnalysisInfographic: What generation is most likely to select their own pension investment fund?
An infographic showing how many employees from different generations have selected their own investment fund rather than stayed in their pension scheme’s default fund.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow can employers help employees understand pension investments?
Need to know:Employers can offer a variety of fund choices through their pension scheme that can include high-risk and low-risk options for employees.Employees can use an online risk profiler tool to ascertain their appetite for risk, which can inform their investment strategy to ensure it suits their needs.Financial education can ...
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AnalysisEmployee Benefits/Nest Pensions Research 2017
Click to download the Employee Benefits/Nest Pensions research 2017The Employee Benefits/Nest Pensions research 2017 was conducted in September 2017 among readers of employeebenefits.co.uk. It received 254 responses.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pensions strategies, as well as issues shaping ...
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AnalysisInfographic: Employees’ expected source of income in retirement
An infographic showing employees’ expected source of income in retirement.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more: What workplace savings schemes complement pension arrangements?Scisys offers employees savings tool via workplace platform
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AnalysisWhat workplace savings schemes complement pension arrangements?
Need to knowEmployers can offer a variety of workplace savings schemes to meet employees' different financial priorities.Arrangements can include individual savings accounts (Isas), share schemes and additional pension contributions.Employers should focus their retirement support for employees on how much they pay in to, and the growth of, their pension investments.Offering ...
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AnalysisHow can employers create greater employee engagement with pensions?
Need to knowRather than focus on pensions, employers can teach concepts such as regular savings and stock market investment as part of broader financial education.An audience can be segmented by factors such as age, life stage, bonus and size of pension fund to make communications personal.Employers should ditch the jargon ...
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AnalysisHow are changing ways of working impacting pensions saving?
Need to know:Employers need to be aware how flexible ways of working, such as sabbaticals, job-shares and part-time working, can impact an employee's pension pot.Employers can encourage retirement savings in the modern workplace through measures such as auto-escalation, bonus sacrifice schemes and the Save More Tomorrow programme.Financial education can be ...
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AnalysisInfographic: What is stopping people paying more into pensions?
An infographic looking at the main reasons that are preventing people paying more into pensions.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");