To keep your employees on track with saving for the future, there are practical steps you can take to support them, such as offering financial education training or resources.
Financial education to empower your workforce
Financial education is important throughout an employee’s career, allowing them to understand whether they’re on track with their retirement savings. And if not, how they can get there.
Plenty can change on the journey to retirement, so keeping on top of their workplace pension can help with financial confidence. It gives people peace of mind to know their savings position and the ways they might grow their pension – improving their financial wellbeing.
Remaining in a workplace pension is one of the simplest ways to save for retirement. You could emphasise that opting out can mean losing both employer contributions and tax relief – additional money that goes towards their future.