How to help your employees form a feel-good pension fitness plan
Encouraging employees to pay their pension some attention can go a long way to helping them feel financially fit for the future.
As we approach pension engagement season, now's a great time to help your employees strenghten their pension. Here are three easy steps they can take to bolster their pensions:
1. Get ready to check what they've got
Do your employees know what income they can expect in retirement?
Standard Life’s Retirement Voice 2024 research shows that more than half (51%) of UK adults are worried they’re not saving enough for their financial future.
So a good place for employees to start is to get an idea of what their retirement income could really look like. And that means encouraging them to see how much they’ve got in their pension pot. With a solid understanding of how much pension savings they have today, they can better plan for tomorrow.
If you’re with Standard Life for your workplace pension scheme, your employees can easily check how much they’ve got in its mobile app.
2. Stretch their mind back to any previous pensions
Are your employees sure they know where all their pension savings are?
In 2024, the number of misplaced pension pots reached 3.3 million. That’s the equivalent of £31.1 billion in lost pension savings, according to research by the Pensions Policy Institute (PPI).
It’s likely that some of your employees may have forgotten about previous pensions savings – particularly those who’ve had a few jobs, and therefore a few different pension plans. So searching for all previous pension pots could be time well spent.
Employees can track down any old pensions by using the Government’s Pension Tracing Service.
Or, if they’re with Standard Life for their workplace pension scheme, they can use the Pension Tracing Finder tool. Available through Standard Life’s mobile app, all employees need to do is enter the name of their previous employer or pension provider to get started.
Plus, they can use the app to easily bring all their pensions together into their Standard Life plan. With everything in one place, this could make it easier for them to manage.
This won't be right for everyone, though. Employees could lose money by giving up any guarantees or benefits they might get from other pension plans, so it’s important that they check this first.
3. Work out how much they need for their future
What income will employees need to enjoy the lifestyle they want in retirement?
According to Retirement Voice 2024 research, almost half (47%) of people are worried their pension pot won’t last their full retirement lifetime. So it’s important to help employees work out what their ideal retirement could look like and how much they’d need to make it happen.
Standard Life’s Retirement Income Tool, available through its app, can help employees see how their retirement lifestyle is shaping up. This can reveal if they’re on the right path or need to make some changes to achieve the retirement they want.
More ways to promote financial fitness
Standard Life has plenty of resources that can help you promote financial fitness across your workforce, including its Ready to Go campaigns and interactive calendar.
Visit Standard Life’s Pension Engagement Season hub to find out more.
The information here is based on our understanding in August 2025. Remember, a pension plan is an investment. Its value can go down as well as up and could be worth less than what was paid in. Standard Life accepts no responsibility for information on external websites. These are provided for general information.
Supplied by REBA Associate Member, Standard Life
Standard Life are part of Phoenix Group, the UK’s largest long-term savings and retirement business. We both share an aligned ambition to help every customer enjoy a life full of possibilities.
