The Lord Mayor of London encourages REBA members to join the Employer Pensions Pledge

The Rt Hon The Lord Mayor of London, Alderman Alastair King, calls on the reward profession to join the Employer Pensions Pledge to get better outcomes for their people.

The Rt Hon The Lord Mayor of London, Alderman Alastair King.jpg

Dear REBA member,

It is with real pride that I write to you following the launch of the Employer Pensions Pledge – a voluntary commitment now supported by major employers across every corner of the UK economy.

From Tesco to Octopus Energy, from BT to MITIE, to First Group and TATA Steel, the first wave of signatories to the Pledge represents one million UK workers, active and deferred. These are organisations with very different histories, ownership models, workforce structures and pension providers, but they share a simple, vital ambition: to get better outcomes for their people. This is a moment for celebration, and now for further momentum.

The Pledge asks employers to focus on value for money, net of fees, when selecting or reviewing pension providers. That includes understanding the impact of default fund asset allocation and the potential role of private markets. However, it does not require any change in provider or scheme, nor does it commit employers to a particular investment approach. It is not about endorsing riskier strategies, nor choosing sides in the wider pensions policy debate. It is simply about ensuring savers, employees, benefit from what the system already allows.

In practice, this means asking good questions of your provider and your advisers. It means placing investment returns in proper context, not just comparing headline costs. And it means empowering the internal teams who carry that responsibility, the people like you.

Because the truth is this: the Employer Pensions Pledge doesn’t just make the case for better retirement outcomes, it makes the case for the work you already do.

It gives you a hook to raise pensions, and reward more broadly, with your Chief Finance Officer, your Chief People Officer, your Board. It’s an invitation to be visible, strategic, and to shape value long after payroll.

So, whether you employ 100 or 100,000 – if you believe in playing your part in better retirement outcomes and want to elevate the role of pensions and reward in your organisation, I hope you will consider becoming a signatory.

It really is that simple. Find out more here.

With my thanks and admiration,

The Rt Hon The Lord Mayor of London
Alderman Alastair King DL