Employers show appetite for change in the pensions industry
The Labour government has acted quickly on its manifesto promise to review the pensions and retirement savings landscape, and there’s plenty of appetite from employers for change.
REBA’s Future of Pensions Research 2024 highlights key areas of focus for reward and benefits professionals now, and in the future. There’s a resounding call for greater pensions guidance, advice and education, plus increasing expectations on the government to solve long-standing pensions challenges.
This is against a backdrop of money pressures reducing pension saving, concerns over the tax treatment of employer National Insurance contributions on pension payments, retirement adequacy challenges and concerns over positive outcomes for pension investments.
Download this report to:
- Learn how employers are anticipating change in workplace pensions contributions
- Find out how employers are responding to perceived pensions challenges
- Discover how pensions strategies are influencing HR strategies.
Maggie Williams, editorial consultant and pension expert at REBA, commented: “Most employers recognise that change is needed to improve pension outcomes for employees. As well as improved guidance and education to address the issue, many accept that increased contributions will be required to make a real difference.
“To maximise their investment, employers will want to work more closely with providers and consultants, placing a greater emphasis on achieving value for money as well as retirement adequacy.”
