Samantha Coombes, Isio: The innovations that are changing workplace pensions

Around 10% of employees opt out of their workplace pensions. This means millions of workers are losing out on employer contributions and a better financial future. 

When used well, benchmarking provides a clear external reference point for internal pay decisions and helps maintain a balance between competitiveness, fairness and affordability.

Budgets are getting tighter and HR and reward leaders are somehow having to squeeze more value out of existing benefits.

A pensions dashboard, tax changes and a value for money framework are among a clutch of changes that will change the landscape for pensions in the next year.

Treating savers as customers is key to ensuring employers and employees get maximum value from their pension. 

Financial resilience for employees works when pay, benefits, education and culture work together. When one is out of kilter, it can undermine an organisation’s ability to function.