EXCLUSIVE: Ince and Co has seen a 24% increase in employees enrolled in its group personal pension (GPP) plan since it switched providers in preparation for auto-enrolment.
The international law firm, which has a staging date of February 2014, replaced its GPP in October 2012 as part of its strategy to meet its auto-enrolment duties, governance and communications responsibilities for its 287 employees.
Since the launch, 74% of employees have enrolled in the scheme, up from 50%. Of these, the average employee contribution has increased to 6.5% compared to the previous average contribution of 5.2%.
Following feedback from employees, 96% said their knowledge of pensions has improved.
The scheme was implemented by Secondsight, which will offer pensions and retirement education to all employees.
It was communicated through a group presentation, followed by individual meetings for all staff.
Mike Orton, HR director at Ince and Co, said: “Following the communication and advice given to employees by Secondsight, the results prove our employees understand their pension and I’m delighted that staff now place greater emphasis on saving for their future.”
