How to unlock true value from workplace pensions


Workplace pensions are one of employers’ most powerful tools to support their people’s financial wellbeing, engagement and long-term retention. But despite often being the single largest employee benefit cost, many schemes run on autopilot - offering limited insight into the value they deliver for the business or its people. Employers stand to gain far more when they treat pensions as a strategic asset with significant value and not just another expense on the balance sheet.

Engagement - the underused risk management tool

Defined contribution pension schemes are seen as low risk for employers, but if staff don’t understand and appreciate them, the risks can add up. With the rise of defined contribution (DC) pensions, many of the risks associated with building and managing adequate retirement savings have been transferred to individuals. However, this doesn’t make DC a no-risk option for employers. For instance, if a lack of savings means people can’t retire, this can introduce succession and workforce management challenges for their employers.

Preparing for a Budget clampdown on pension salary sacrifice

Our experts crunch the numbers and assess what a UK Budget clampdown on pension salary sacrifice might mean for employers and employees. On 8 November, the front page of The Times warned that Chancellor was looking to restrict employees' ability to sacrifice salary in exchange for higher employer pension contributions, saying: "Rachel Reeves is expected to use the Budget to cap the amount that can be sacrificed without incurring National Insurance payments at £2,000 a year".

A 360 Degree Lens on Risk Data and AI

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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