Engaging your employees with their pension on Pension Awareness Day

With Pension Awareness Day on September 9th, it could be a great time to help your employees understand the importance of their pension. While pensions might not be the most exciting topic, they can play a crucial role in shaping a secure future. The more your employees engage with their pension, the better prepared they’ll be for retirement. 

One of the best ways to increase engagement is by simplifying the information. Pensions can be complex and filled with unfamiliar terms and figures, so breaking it down, keeping things straightforward and avoiding jargon helps make pensions feel less daunting and more accessible. 

Another effective approach is to use real-life examples. By showing your employees how their pension could impact their future, you can help make the concept more relatable. For instance, illustrating how small changes in their contributions could lead to a more comfortable retirement can really hit home.  

In today’s digital age, utilising technology is a helpful tool for employers when it comes to engaging their team about their pensions. Many people are more likely to engage with their pension if they can access the information easily online. Encouraging your employees to use online tools and apps allows them to track their contributions, estimate their retirement income, and explore different scenarios at their convenience. The easier it is for them to check on their pension, the more likely they are to stay engaged. 

And remember, don’t forget to talk to them! Regular communication is essential. Keeping pensions on your employees’ radar with regular updates, whether through a newsletter, a brief mention in team meetings, or a quick email, can make a significant difference. When pensions are regularly brought to their attention, employees are more likely to think about their future. 

Some employees may feel overwhelmed by pensions and prefer a more personal approach. Offering a one to one session with a pension adviser gives them the chance to ask questions and receive tailored advice. This personal touch can help build their confidence and make them more likely to engage with their pension. 

Hosting a small event or workshop in the lead-up to Pension Awareness Day can also be very effective. Whether it’s a lunch-and-learn session or a casual gathering, bringing people together to discuss pensions in an informal setting can help break down barriers and encourage more open conversations. 

Pension Awareness Day could be a perfect opportunity to start these conversations and help your team feel more confident about their financial future. By making pensions simple, accessible, and relevant, you can give your employees more control of their retirement planning. 

Secondsight is a trading name of Foster Denovo Limited and is authorised and regulated by the financial conduct authority.