Cost of living crisis – how can employers help?

The cost of living crisis is having an impact on all of us and with energy prices soaring and winter looming, lots of people are genuinely worried about how they are going to afford to heat their homes and put food on the table. I have seen lots of articles recently with examples of how […]

Menopause Workplace Support

I have had a number of conversations with clients recently on the subject of menopause support. Unfortunately Private Medical Insurance (PMI) policies do not provide cover for menopause as this is categorised as the bodies’ natural aging process. However, one of the top PMI providers now offer a standalone a Menopause plan which can be […]

Keeping up with the Joneses

The Oxford Dictionary definition of ‘Keeping up with the Joneses’ is ‘try to emulate or not be outdone by one’s neighbours’. When relating this famous phrase to the recruitment and retention of talent within the workplace arena, this often used saying could not be more accurate. As an employer, what are the things that differentiate […]

Pension Scams

The pension landscape changed for the better back in 2015 as the government allowed consumers to have more flexibility and a wide range of options as to how they can access defined contribution pension at retirement. Whilst this news was long overdue and welcomed by most, there are a number of people in society who […]

Communication is Key

Employers invest significant sums on benefits such as Workplace Pension, Private Medical Insurance and Group Risk Insurances. It is therefore vital that staff understand and more importantly appreciate the value of these benefits. GRiD (the industry body for the group risk sector) has carried out some new research1 which shows that 42% of employees don’t […]

The Inspectors are Coming!

Since the beginning of Workplace Pension Reforms and Automatic Enrolment back in 2012, the Pensions Regulator (TPR) has had the ability to carry out inspections on employers to ensure that they are complying with their duties. Before Covid, inspections by TPR tended to focus on employers that were failing to make correct pension contributions for […]

How do you solve a problem like the Pension Dashboards?

2012 was a massive year for the Workplace Pension landscape as this was the year that Automatic Enrolment commenced meaning employers would not only have to establish a suitable pension for their workforce but also pay into it alongside their employees. The employers with the biggest headcounts had to comply first and then over time, […]

International Women’s Day – Why just one day and what did we learn?

International Women’s Day was a global day celebrating the social, economic, cultural, and political achievements of women.  Many facts and figures were issued on this day, but  they apply to women all year round. Here are some highlights looking specifically at some financial implications for women. Pensions It was published in January 2022 by the […]

Financial Wellbeing affecting job performance

Recent research by financial platform Mintago who polled a total of 436 people in the UK who were all employed full time and between the ages of 18-34, confirmed a third believed their job performance is being harmed by financial concerns whereas only 9% of employees aged 55 and up shared this sentiment. The survey […]

Don’t let the Default be the Default

Most members of a Workplace Pension will rely on other people, normally their employer and possibly trustees to make important decisions around their workplace pension and specifically around the fund where their contributions are invested, namely the Default Fund. Despite the best efforts of an employer to promote the benefits to a member to review […]