Why financial wellbeing matters

Workplace pensions have long been a cornerstone of employee benefits, but their role is rapidly evolving. Financial stress impacts mental health and productivity, making it vital to support employee financial wellbeing.

This makes offering pensions with added financial wellbeing services a powerful tool for both employers and employees.

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Features of modern workplace pensions

· Flexible contributions that adapt to employees' changing financial situations

· Investment options that align with individual risk appetites

· Digital tracking tools for greater transparency

· Financial education resources to boost confidence in saving for retirement

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How employers can champion financial wellbeing

Employers can foster financial well-being through education, digital platforms, and personalised financial coaching. By combining pensions with wider financial support

services, companies empower employees to plan their financial futures more effectively.

Additionally, employers should run regular workshops on pensions, investment options, and retirement planning to ensure employees feel supported at every stage of their journey.

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Common Questions:

· What is the minimum contribution for workplace pensions?

· How can employees change their pension contributions?

· What happens if an employee opts out of the pension scheme?

Book a Demo to learn how Thrive's pension platform can support your workforce.

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