An employer’s guide to talking about workplace pensions
The guide by the Pensions and Lifetime Savings Association (PLSA) provides background on the current legal and regulatory regime while addressing some commonly held myths. It also includes membership case studies that demonstrate what is possible within the current boundary, so schemes and employers can do more for savers.
The guide outlines:
- The need for advice and guidance in pensions has never been greater with more people having to take on the decisions about how they invest and access their pensions
- the PLSA’s membership has long called for greater clarity on the advice/guidance boundary to enable pension schemes and employers to have more confidence giving guidance and in working with financial advisers
- although the recent clarification document by the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) is a step in the right direction, it doesn’t go far enough to enable the high-quality financial wellbeing support that schemes and employers wish to provide to their members.
