All member engagement articles – Page 16
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News
Savers misjudge lifespans, as experts call for comms overhaul
Savers are underestimating their life expectancy, with ‘survival pessimism’ potentially driving the unpopularity of annuities, according to a new report.
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OpinionHow bringing pensions to life can improve staff engagement
From the blog: One of the first questions I ask when I start a new job is: “What are the employee benefits?”
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Opinion
Has auto-enrolment come of age?
Since its inception almost six years ago, auto-enrolment has succeeded in relying on inertia to help more people save for retirement, that much is clear. Uncertainty and a need to build on this success, however, remain.
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OpinionClear and simple communication is key to preventing opt-outs
There is much speculation about what employees may do as a result of upcoming auto-enrolment minimum contribution increases. Will they decide to opt out – and what is the role of the employer in this next phase?
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OpinionWe need to better connect with members
On April 6, the minimum level of contributions into a workplace pension scheme under auto-enrolment will increase to 5 per cent and again to 8 per cent next April.
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OpinionHow to ensure good value for members
From governance and investment to member engagement and communications, seven experts, including HR directors, look at how employers, providers and trustees can ensure better outcomes for members of defined contribution schemes.
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Opinion
Which communication strategies are best at boosting engagement?
Mark Rowlands from Nest, Caroline Roberts from VisitBritain, Andy Cheseldine from Capital Cranfield, Nasir Rafiq from Islamic Relief Worldwide, Ami Bartrip from the Financial Times, Rosemary Lemon from Hays and Jason Green from Finance & Technology Research Centre discuss communication and engagement.
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Features
Does a good pension scheme improve recruitment and retention?
Analysis: Businesses believe that pension provision is having a positive impact on recruitment and employee retention, according to a recent study, but opinions are divided on whether retirement savings are seen as more than just a nice-to-have.
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NewsVirgin Money introduces financial wellbeing portal for employees
Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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FeaturesBMA rebukes NHSE and Capita over admin 'fiasco'
The British Medical Association – the trade union and professional association for doctors and medical students – has been lobbying for improvements to the administration of the NHS Pension Scheme after member complaints and a motion by GPs last year to address issues with third-party administrator Capita.
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Features
RLB tech engagement drive yields positive results
Quantity surveyor Rider Levett Bucknall has seen a marked increase in staff engagement with their pensions after it introduced an app for savers to view their pension savings and offered face-to-face meetings with experts.
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Opinion
Breaking the habit: Can life events make people more engaged with pensions?
Would you be interested in reading about your pension if you had just started a new job? What if you had just got married – or divorced?
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OpinionKeep things simple when communicating costs and charges
The Financial Conduct Authority’s new rules around the disclosure of transaction costs was largely welcomed by the pensions industry. Transparency makes sense. The question is, how do we communicate this information to members in a way they will understand?
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Features
Pearson scheme upgrades comms to boost engagement
The Pearson Pension Plan has revamped its member communications and engagement strategy, using the experience to apply a similar approach to the scheme’s member-nominated trustee appointment process.
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OpinionWhere is the pensions ice bucket challenge?
Auto-enrolment is a success. Opt-out rates are low, and the number of defined contribution savers and assets are growing rapidly. But will this initial success disappoint in the long run?
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OpinionCan we afford for members not to be engaged?
From the blog: Steve Webb recently argued that changing how people make choices is the “one thing” that has reversed the fall in membership of workplace pensions.
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FeaturesForces win back payout for family bereavement
The Ministry of Defence has agreed to introduce the Short-Term Family Pension to the Armed Forces Pension Scheme 2015. The provision, which is in place for members of the 1975 scheme, was not carried over to the new 2015 scheme.
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OpinionOvercoming behavioural biases in retirement saving
Given that people do not like being told what to do, especially with their own money, it is little wonder that traditional prescriptive measures to get the nation saving for retirement simply have not worked.
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News
DC schemes to give members cost information online only
Defined contribution schemes should disclose costs and charges to members by signposting a link in their annual benefit statement, the Department for Work and Pensions has proposed, as the industry agrees communications need to be kept simple.