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Benefits to support an older workforce

Employee Benefits

Employers could offer support through a midlife MOT, which provides a health and financial career check to help employees plan for retirement. Pre-retirement coaching can help to educate older employees on how to prepare for life away from work.

Pension 111
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University of Salford targets communications at specific employee groups

Employee Benefits

Credit: Richard Oldroyd / Shutterstock.com The University of Salford ensures it provides comprehensive financial wellbeing support and education that is targeted at all different groups of employees. These are hosted twice a year by a professional consultancy firm and are free of charge.

Pension 98
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How to target financial wellbeing support to employees

Employee Benefits

“With national insurance (NI) savings for both the employer and employees, a pensions salary sacrifice arrangement can help employees maintain their pension contributions while putting some extra pounds into their pay packets each month, all at no additional cost,” he says.

Pension 98
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How to support employees’ financial wellbeing on a budget

Employee Benefits

To support employees with their financial wellbeing, employers should review the benefits they already offer and check whether staff know how they can help. Implementing financial wellbeing services that include education and coaching is cost-effective.

Pension 64