"DC Excellence": Financial Education in the Workplace – An Employers Approach for Achieving Successful Member Outcomes

22 October 2020

Employee engagement in DC schemes has always been a challenge - even more so during the COVID-19 pandemic where employees are reducing their contributions as their personal finances tighten.

We are all grappling with new ways of working, with some employees on reduced hours and pay, whilst others are on furlough. Employers are trying to ensure that their businesses emerge from this period with a sustainable future.

While operating within these (hopefully short-term) budgetary challenges, how can employers look to the longer-term and benefit from the rewards of helping employees meet their retirement income needs?

Is there a way to help employees navigate the complexity that Freedom and Choice now offers, without employers straying into financial advice?

Our DC Excellence team was joined by Rachelle Trueman, Pensions Manager, from Molson Coors and Rob Harper, Partner, from Hymans Robertson for a panel discussion which covered:

  • Financial education in the workplace - employers' obligations and solutions
  • An employer's experience of offering a financial wellbeing programme
  • Freedom & Choice - current industry practice
  • Pension scams - good practice for employers, employees and trustees
  • Diversity & pensions - The Pensions Pay Gap: engaging employee groups with low pension savings

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.