How do you help the two-in-three staff who will miss out on a comfortable retirement – unless they take action soon? And what if your people don’t even know there’s a problem?
Guided Outcomes – GO – is the answer. It crunches the numbers, lays out the facts and puts your people back on track. The analytics behind GO are proven in the field, for over 500,000 defined contribution scheme members.
We were really concerned that employees weren't saving enough
Anne Harris, UK Pensions Manager - ScottishPower
With a significant number of their 2,500 defined contribution members likely to miss out on a comfortable retirement, ScottishPower wanted to help their people get back on track.
Our simple red, amber and green ratings helped members understand their pensions more clearly. Just one month after launch, 10% had increased their contributions – and many more had decided to change their retirement age.
With our sophisticated but simple analytics you can see at a glance how financially prepared your workforce is for retirement.
You can model different solutions to improve the outcomes, these can range from changing contribution rates, to aligning retirement ages to state pension age. As well as looking at investment solutions.
You can then involve your workforce by letting them see at a glance how their retirement finances might look. You can then allow them to select the level of involvement they want to get on track and stay on track.
With 7 in 10 employees* believing it’s their employer's duty to support them in their retirement decisions, we believe GO is an effective solution to help you improve both workforce understanding and the retirement outcomes of your employees.
*Source: Hymans Robertson research
Important information about GO.
GO is a service provided by Hymans Robertson LLP.
GO results are derived from the scheme design agreed specifically with Hymans Robertson. You should not use GO as your only source of retirement planning and should speak to a financial adviser if you are unsure about how best to save for later life and your personal circumstances. Review your pension regularly including contribution levels and investment choices, together with your attitude to investment risk and the risk you are willing and able to take, to see whether the decisions you made are still right for your current circumstances.
Past performance is not necessarily a guide to future performance and investment returns may go up as well as down.
The figures calculated by GO are illustrative only and not guaranteed. You may get more or less than the levels estimated.
Cancellation rights apply and start within 14 days of you being notified of a change by GO to your Plan.
You can opt out of GO now or any time in the future.
Guided Outcomes is a registered trade mark of Hymans Robertson LLP.