Taking a more integrated approach to employee share plans, corporate-sponsored pensions and individual savings accounts can result in much better savings outcomes.
Sharesave plans typically have a high degree of trust with staff. Encouraging employees to use these plans is likely to be more successful than encouraging additional pension saving.
If employees decide to roll over the proceeds to a pension, the ultimate outcome is likely to be better than if they had made extra savings direct to a pension.
Paul Waters is a partner at Hymans Robertson
