Helping employees engage with their pensions
For many employees, their workplace pension is one of the most valuable financial assets they have.
Yet when someone changes employer, their pension from a previous workplace can become easy to forget. Over time, this can leave people with multiple pension pots that they may have lost, not fully understand or know how to manage.
National Pension Tracing Day provides a useful prompt to get people thinking about their pensions and talking about their retirement savings.
It can encourage employees to:
- Think about pensions they may have from previous employers
- Check whether their contact details are up to date
- Find paperwork relating to old pension schemes
- Understand how their different pension pots fit together
- Take a more active interest in their retirement planning
For employers, it’s a simple way to bring pensions and retirement into the wider financial wellbeing conversation.
National Pension Tracing Day can be a simple way to get employees thinking about their retirement savings.
We have a full suite of National Pension Tracing Day campaign resources available to you, to share information about pension tracing, encourage employees to review their pension arrangements or start wider conversations around retirement planning.
It can also sit alongside your existing financial wellbeing communications, helping employees engage with a benefit that could play an important role in their future.
Start the conversation
Want to find out more about National Pension Tracing Day and how you can get involved?
Visit the National Pension Tracing Day website for more information, resources and guidance to help your employees start tracing their pensions.
National Pension Tracing Day is an annual campaign, usually marked on the last Sunday of October, encouraging people to find and reconnect with pensions they may have lost track of, particularly pensions from previous employers.
For employers, it provides a useful opportunity to encourage employees to engage with their retirement savings and make the most of their workplace benefits.
Employees may have built up pension savings with several previous employers throughout their careers. If these pensions are no longer actively managed or remembered, employees may not have a clear picture of their overall retirement savings.
Encouraging employees to trace old pensions can help them understand what they have and support better engagement with their long-term financial planning.
Employers could use their existing employee communications channels to raise awareness of National Pension Tracing Day, share information about pension tracing and encourage employees to take some time to review their pension arrangements.
It could also provide a starting point for wider conversations about retirement and financial wellbeing.
Helping your employees feel more confident about their financial future
National Pension Tracing Day is one prompt that can encourage employees to engage with their pensions. More broadly, it’s a reminder of the role employers can play in helping their people feel informed and supported when it comes to their financial wellbeing.
Find out how Secondsight can support your employees with financial wellbeing.
