EXCLUSIVE: Two-fifths expect internal HR teams to provide at-retirement support

at-retirement support

EXCLUSIVE: The largest proportion of employers (40%) place the responsibility for providing at-retirement support at their HR, benefits, reward and learning and development teams, according to research by Employee Benefits and Barnett Waddingham.

However, the Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, found that despite this, an increasing number of respondents rely on providers, as more than a third (36%) believe their pension provider is responsible for offering this type of support, an 11% increase on last year, while 25% look to benefits consultants, and 12% rely on specialist providers.

The proportion of respondents whose in-house pensions teams deliver at-retirement support has decreased by 6% this year.