Specialist offering

Pension & Retirement Benefits Training

Pension and retirement benefits are an important part of employee financial wellbeing. This training helps employees understand how retirement arrangements work, appreciate the value of long-term saving, and make informed decisions throughout their working lives.

Core pension training topics

—Basics of pensions and retirement benefits
—Occupational pension and provident fund arrangements
—Defined Benefit and Defined Contribution schemes
—Employee and employer contributions
—Understanding pension statements and accrued benefits
—Preservation of retirement benefits
—Vesting and portability of benefits
—Changing employment and pension implications
—Retirement and early-retirement considerations
—Beneficiary nomination
—Retirement income options
—Pension taxation and applicable tax considerations
—Roles of trustees, administrators, fund managers and custodians
—Retirement-benefits regulation and governance

Financial preparedness for retirement

—Building a retirement savings culture
—Personal budgeting and long-term saving
—Understanding the effect of time and consistency on retirement savings
—Preparing for the transition from employment to retirement
—Common pension misconceptions and avoidable mistakes

Pension awareness by employee group

New Employees

Introduction to the employer's retirement-benefit arrangements, contribution structure and the importance of starting early.

Existing Employees

Understanding statements, contributions, benefits, preservation and long-term retirement planning.

Employees Approaching Retirement

Understanding retirement options, preparing financially for the transition and planning for sustainable post-employment income.

Management & HR Teams

Understanding employer responsibilities, employee communication, pension administration and good retirement-benefits governance.

Benefits to the employer

—Improved employee understanding of pension benefits
—Better appreciation of the employer's total reward and benefits package
—Reduced pension misconceptions and avoidable employee queries
—Better communication among employees, HR and pension service providers
—Improved employee financial awareness and retirement preparedness
—Stronger employee engagement with long-term financial planning

Customizable engagements

The pension programme can be tailored to the client's scheme structure, workforce profile and learning objectives. Where required, we develop separate sessions for general staff, management, HR teams and employees nearing retirement.

Talk to us about pension training