Auto-enrolment

Whilst the introduction of auto-enrolment has been a positive step towards promoting greater individual responsibility for retirement planning, it is widely accepted that the current minimum contribution levels are not sufficient to support the type of retirement that many aspire to.

One of our clients, a well-known electronics manufacturer, was keen to ensure that its employees understood the importance of making adequate pension contributions throughout their working life, regardless of age. A comprehensive communications exercise using various forms of media, combined with the introduction of a SMART pensions facility, resulted in a substantial increase in the level of employee and/or employer contributions.

In addition to improving contribution levels, the exercise has also resulted in improved levels of employee engagement and staff appreciation of their employer’s pension offering.

A great combination for improving the retirement outcomes for employees!