All member engagement articles – Page 16
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OpinionSelect committee’s new inquiry misses the point
From the blog: It is bizarre that the Work and Pensions Committee is questioning whether people understand the cost and value for money of their pension products when the Financial Conduct Authority has only just published research that answers their question.
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News
SES Water cites Ofwat price review in proposed scheme closure
SES Water, formerly known as Sutton and East Surrey Water, has opened a consultation with members on the closure of its defined benefit section to future accrual, citing efficiencies demanded by water regulator Ofwat.
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News
Improved engagement more urgent than product innovation, says PPI
Savers can achieve positive outcomes with the range of products already available to them, according to a Pensions Policy Institute report emphasising the importance of engagement in helping people make more informed decisions.
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OpinionBoost innovation and understanding
There needs to be a shift in public policy to create a savings culture and boost understanding, argues Lesley Carline, vice-president of the Pensions Management Institute.
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News
PLSA pushes for retirement income targets and AE increases
The Pensions and Lifetime Savings Association has set out its final recommendations from its ‘Hitting the Target’ consultation, calling for an increase in minimum auto-enrolment contributions to 12 per cent, and the introduction of retirement income targets.
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News
Industry calls for regulatory speed and stronger approach to scams
The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.
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News
Seeking members' ethical views could muddy DB waters, experts say
The Environmental Audit Committee has proposeda requirement for schemes to actively seek the views of their members when producing their statement of investment principles, a move experts say could complicate matters for defined benefit trustees.
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OpinionPeople trust people, not institutions
From the blog: Whether a pension fund is facing closure, or just suspending its website while investment options change, there are many reasons why a scheme might have to communicate tricky or delicate subjects.
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NewsEasyJet pilots engagement strategy for DC members
Airline EasyJet has adapted its pension communication approach to cater to the working patterns of pilot and cabin crew employees, by making information clear and easily accessible for members on the move.
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OpinionHow would extending the remit of IGCs to cover SRI boost outcomes?
First Actuarial’s Henry Tapper argues that a responsible approach to investment, turning saving into delayed spending, might help savers engage with their pension.
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NewsIHG ups contributions ahead of 2019 deadline
Intercontinental Hotels Group has increased its default pension contributions to 2019 minimum levels a year early, after a multi-pronged member communications exercise last year sought to persuade employees to increase saving levels voluntarily.
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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
Rosemary Lemon, group head of reward at Hays, explains how employers can help prevent opt-outs while raising awareness of the importance of saving for retirement.
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OpinionWe need to better connect with members
Engaging scheme members is vital if we are to close the savings gap, says Redington’s Lydia Fearn.
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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.