We work in partnership with clients and their employees to help them make more informed, confident decisions today, so they can build a better future. We’re committed to helping you support your members throughout their pension scheme journey, up to and through retirement.
As increasing numbers of DC savers come to retirement in future years it's clear they need help in maximising their income, while managing their savings. The Chancellor’s Mansion House speech put CDC firmly on the agenda as a new risk sharing approach. But there are many flavours of risk sharing available which can be applied to meet the needs of different members.
Nationwide is the world’s largest building society and the UK’s second-largest mortgage provider. A comprehensive review of its pension arrangements helped Nationwide to realise that its DC schemes were being underused, with low member engagement. Working together Nationwide we introduced a member engagement campaign with Guided Outcomes (GOTM) and targets at its core.
We decided to appoint Hymans Robertson as we felt its Guided Outcomes technology was a powerful differentiator. The targets-based approach is really effective in helping our employees work out what kind of retirement income they are on track for.
Ian Baines - Head of pensions, Nationwide