How to improve employee financial resilience when there is no budget

Pension objectives may vary between employer and employee but a conscious decision and understanding of its outcome is crucial from both sides if a moderate retirement living is to be reached.

People now stop work at very different ages, and in very different ways. HR and reward teams can make that transition smoother for employees and for the business.

Employers can help employees’ retirement preparations by building confidence, improving understanding and earlier engagement with the process.

HR leaders know that auto-enrolment contributions need to rise, but company budgets are already stretched thin. Steve Watson, Director of Policy and Research at Cushon, argues the answer starts with getting employees more engaged with their pension and paying in more.

From the job hoppers to the long haulers, anyone can misplace their old pension pots throughout life’s changes. Here’s how to help employees track down and bring old pensions together into one place.