Balancing costs and responsibilities to achieve retirement adequacy
Most employees, and their employers, have no idea whether they are on the journey to achieving, at the very least, an adequate retirement lifestyle. This means that, despite vast amounts being spent by employers, there is little understanding of the level of value for this spend. With the government pushing forward with its Pensions Reviews, now is a good time to get to grips with what Value for Money means for employers and their workforces.
In this webinar we will explore how employers can understand what an adequate retirement might look like for different cohorts of their workforce, what the different levers are that will affect outcomes, and how to set a strategy to help employees understand their responsibilities to achieve their own targeted retirement adequacy.
The panel will discuss how they have structured their workplace pensions and savings strategies, how they balance the employer/employee responsibility for saving, and what metrics use to sense check good member outcomes.
Key issues to be explored
• Setting your employer strategy on retirement adequacy: ways to balance employer and employee responsibilities
• Getting to grips with the information needs of different cohorts: understanding who is at risk of under- or over saving
• It’s not all about contributions: taking into account wider economic pressures: such as housing, gender gaps and health
• What does Value for Money look like in 2025 and how does your workplace pension scheme measure up
• What metrics will you set to check you are getting value for your workplace pensions spend.
Thank you to our strategic partner Hargreaves Lansdown for supporting this REBA webinar
Together with Hargreaves Lansdown