Make the most of your pension plan: getting employees involved

Engaging employees is key

Creating a strong pension plan is just half the job. For employees to get the most out of it, they need to understand the benefits you’re offering. This way, they can make smart decisions for their future financial security. Here’s how you can help them engage with their company pension plan: 

• Make pension awareness a key part of the induction process: Ensure that new employees are introduced to the company pension scheme at the earliest opportunity and are informed about where they can access further information.  
• Embrace technology: Tools such as contribution calculators are instrumental in helping employees understand their potential retirement outcomes. Zurich Connect, our employee retirement portal, provides informative videos, interactive tools, calculators, and a library of relevant documentation to enhance employee engagement.  
• Targeted communications: Recognise the varying needs and priorities of employees across different age groups. Younger employees may be more engaged with general savings concepts, with the pension pot being part of their overall strategy.  
• Financial education: Hosting workplace or online financial wellbeing seminars can prompt employees to consider their future financial needs. Zurich’s Customer Relationship Team is available to organise employee information sessions. 

Retirement can be a complex concept for many employees. At Zurich, we recognise that different employees need different levels of support, so our approach can be tailored for scheme members. 

Zurich Connect 

Zurich Connect is a unique employee retirement portal, which we will tailor to your company. With helpful videos, interactive tools and calculators, as well as a library of relevant documentation, Zurich Connect will transform how employees view their company pension. 

Insightful resources for employees 

Our quarterly Pension Matters magazineis designed for members of group pension schemes. Its objective is to empower employees with the knowledge they need to make informed decisions about their pension options and encourage them to take action – like making additional contributions for example. 

Our new suite of short, easy-to-follow member videos that you can share with your employees are a great guide in helping them better understand their pension benefits and options - giving your workforce clear and accessible guidance whenever they need it. They may also help cut down on basic queries to HR and benefits teams and, in turn, support employees’ financial wellbeing and long‑term planning, leading to improved engagement and retention.

Zurich’s online portal 

Keeping track of how your pension savings are performing is an essential element of our proposition. All employees will be able to access their own secure, personalised portal to track their current savings, their contributions, what their future retirement pot might look like, how their funds are performing, and much more. Employers and HR can keep oversight of key metrics to track the level of employee engagement. 

Workplace information and support 

It’s our people that will always make the difference for your employees. Employees are best served with a mix of communication methods; while online works for some, others prefer to hear first-hand and face-to-face. Zurich’s Customer Relationship Team will organise employee engagement sessions for scheme members in a format that suits them. 

Call on the support of Zurich and your scheme advisor  

At Zurich, we recognise the challenge of employee engagement and have a dedicated team committed to ensuring employees understand and appreciate the valuable employee benefit that a pension scheme provides, while helping them to reach their retirement goals.

With our help, reviewing your employee benefits offering may take far less effort, time and cost than you thought, while delivering a real benefit to your business.  

If you’d like to take the next step you can talk to your Zurich Scheme Advisor or visit Zurichcorporate.ie.