EXCLUSIVE: Delegates at Employee Benefits Connect 2018 will be able to learn about the changing role of defined contribution (DC) pension schemes as part of an overall reward strategy.
Mark Pemberthy, head of DC pensions at Conduent HR Services, will present a session titled ‘What employers want from a pension scheme: the evolution of DC pensions’ as part of the performance conference stream on Wednesday 28 February 2018.
The session will explore how the role of DC pensions is changing within the reward sector, considering both practical pensions issues, such as scheme set-up, governance and management, as well as wider reward challenges. These could include queries around higher-paid employees being either excluded or restricted in terms of their pension savings due to the lifetime allowance and tapered annual allowance, or how the lifetime individual savings account (Isa) could be becoming more relevant for younger employees.
Pemberthy will use research from across Conduent HR Services’ client base to discuss what employers are looking for in terms of a pension scheme for their employees, matching up these preferences to where workplace pensions are at the moment, as well as to where DC pensions are evolving to for the future.
Furthermore, the session will help inform delegates of the options available for personalising their pension scheme to ensure it is fit for purpose for their specific workforce, to help employees and employers get the most they can from the arrangement.
Pemberthy said: “Increasingly now, pensions [are] such an important part of the reward budget that organisations are looking harder [at] getting good value and [that] employees [are] getting good value. I think employers are becoming more aware of pensions and that there are options in terms of how they run their scheme.
“Pensions [are] increasingly now part of the reward and benefits and HR remit and responsibility and […] it can sometimes be quite difficult for practitioners to keep completely up to speed with how the legislation and marketplace is evolving and how they can make sure quite an important part of their reward structure is best of line to [meet] the needs of their business.”
Employee Benefits Connect 2018 will take place on Wednesday 28 February 2018 at Park Plaza, Westminster, London.
