White paper: Insight: Supporting you in delivering financial wellness to UK employees

The pensions industry continues to tackle a number of issues, from defined benefit transfers to pension governance and workplace ISAs. Thomsons’ quarterly newsletter takes a look at the current hot topics.

Key findings

• The emergence of the Workplace ISA adds a significant string to the bow of conscientious employers, allowing them to provide a range of options to their people, while sheltering them from excessive charges.
• Widening the savings options available to employees must by the way forward. Ensuring that they can build a broad savings portfolio, preferably under the umbrella of a benevolent employer.
• It’s encouraging that the government has sought to address the retirement advice gap and opened up new options to tackle this. The challenge now is to make members aware that retirement advice has become more obtainable.

This white paper takes a close look at workplace ISAs, how people access their funds in retirement and the Pensions Dashboard.