Aon's DC pensions and financial wellbeing research 2021 reveals lethargy from UK employees and employers about pensions and financial wellbeing. While one in three employees say nothing is preventing them from saving more, employers are being urged to further support their workforces in this area.
Published: 23 September 2021
To mark Pensions Awareness Day 2021, Howden Employee Benefits; Wellbeing shares three wishes for driving better workplace pensions and member outcomes: data-driven governance, greener pensions, and better financial education.
Published: 21 September 2021
Research from Cushon, the fintech workplace savings disrupter, has found that a staggering 99.5% of employees have no idea about the scale of carbon emitted as a result of their pension’s investments.
Published: 18 February 2021
Getting employees more engaged with their pensions remains a critical issue for businesses. Recent research from Cushon, the workplace savings and investment platform, found that one of the biggest reasons for this is that pensions are far too complicated, with 66% of individuals stating this as a key factor.
Published: 26 July 2020
Recent research conducted by Smarterly, the workplace savings and investment platform, found that two thirds of employers think that pensions are far too complicated and providers are not innovating enough to offer new and progressive products.
Published: 4 May 2020
Anyone using drawdown to provide income must understand and be comfortable with the fact their capital and income can fluctuate and they could end up running out of money entirely. They must also be comfortable with reviewing their drawdown plan regularly; we’d suggest following this ten point plan every year.
Published: 5 February 2020
Employees are often ill-prepared for the complex retirement challenges that lie ahead with many struggling to understand essentials such as tax, inflation risks or how investments and retirement income products work.
Published: 27 January 2020
“Auto enrolment has the potential to be a real game-changer in helping people with their retirement plans. Employers have a key role to play in making it successful and if they don’t step forwards this could be bad news for them and their employees.”
Published: 21 January 2020
Hopefully the simplification and increased frequency of the ‘wake up packs’ will encourage individuals to take an interest in their pension and retirement earlier. The new packs should be significantly easier to understand. The packs should also make it easier for individuals to decide how they are going to manage their money in retirement, hopefully be wise to potential mistakes, and encourage them to put more aside for their retirement.
Published: 15 November 2019
The Government still has to bring forward a Pensions Bill in order to make Pension Dashboards a reality. In the present political climate that means we shouldn’t take anything for granted until the scheme is actually up and running.”
Published: 5 April 2019