View more on these topics

Making pensions and benefits relevant

The Pensions and Benefits UK Conference takes place this week, where Jelf will have a stand.

We wanted to take this opportunity to address the issue of engagement with pensions. Monumental changes to pensions rules means you’ve most likely been doing a lot to help your employees approaching retirement with their planning, maybe even providing them with some education. But what about your other employees? Doesn’t it make sense to support all of your employees with their retirement planning? In fact, it makes complete sense to help your employees as soon as you can – if they start saving younger, they can build up their savings gradually and not get a nasty shock when they come to retire and find that they don’t have as much as they expected.

The hard part about this is actually getting younger employees engaged with their pensions, because they think their retirement is so far off that they don’t need to worry about it. You can communicate to your employees in various different ways, and we like face to face, but no matter how you do it you have to make it relevant for them. One size doesn’t fit all when it comes to pension planning: messages that appeal to your senior execs are unlikely to appeal to your graduates and new starters.

Making pensions relevant means giving your employees real examples of people in their situation and helping them to understand why saving is so important, or why it’s important to consider their options following pension freedom. To make all of your benefits relevant, they need to be applicable to your employees’ lives outside of work. Not everyone is going to need every benefit, but you can’t just give them a list of what’s on offer and not explain how great it is or how it could work for them. You don’t buy a new household appliance without getting instructions with it.

If you want to find out more, speak to your usual Jelf consultant or visit our website.



Aviva and Friends pledge £45m to cover Sesame liabilities

Aviva and Friends Life have pledged £45m in financial support for Sesame to cover potential liability and restructuring costs. Aviva is offering £25m and Friends Life is offering £20m which can be called upon by Sesame over the next two years. In March Sesame announced it will no longer operate as a network for investment […]


‘Scrapping landlord tax relief could add billions to rents’

The Chancellor has been warned that scrapping tax relief for landlords could add billions to rents. In an open letter to George Osborne, National Landlords Association chief executive Richard Lambert asked for “assurances” that the Chancellor is not planning to scrap tax relief on mortgage interest for landlords in tomorrow’s Budget, as has been reported […]


My Three Big Calls: M&G’s Steven Andrew

European equity Renewed concerns over a potential Grexit means the eurozone is once more a focus of attention. This has driven some significant volatility recently. I took the opportunity afforded by a sell-off in equity prices to modestly increase our exposure to European equities. Europe is now the largest equity allocation in the fund, a […]


Budget: Govt to monitor cost of salary sacrifice schemes

The Government will “actively monitor” the impact of salary sacrifice schemes on tax receipts. In today’s Budget, the Government expresses concern over the growth of salary sacrifice schemes. The Budget document says: “Salary sacrifice arrangements can allow some employees and employers to reduce the income tax and National Insurance that they pay on remuneration. “They […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm