Copy article

Pensions versus salaries - should employers be hard selling their pension schemes more as a recruitment tool

Journalist: Samantha Downes, Freelance and Pumpkin Pensions

ended 29. June 2023

Standard Life research has shown that the difference of an uplift in pension contributions can make a huge difference over a working life.

Of course we know this, but should employers do more to sell their schemes - rather than just the salary.

I'm after thoughts please.

1 responses from the Newspage community

Copy all

Copy

Editor
Rob Heath
Director - IronMarket Wealth at IronMarket Wealth
Simple answer…..it’s an absolute ‘no brainer’. If someone had told me at 19, what I now know about later life planning, I reckon I would have slightly less grey hair.

All employers, in my opinion, have a duty to ‘educate’ their employees about the long-term benefits of pension planning, along with the attractive tax benefits they offer, especially in our younger generation.

In the US it’s a deal breaker if an employer does not offer ‘Healthcare Insurance’ due to the value it offers…to me the benefit of being enrolled early into an attractive company pension scheme carries the same weight.