Fabrice Chollet’s Post

Comprehensive Approach to Kenya’s Civil Service and Pension Reform

Five top tips for increasing pension engagement at your workplace: ✅Communicate regularly with clear, concise information ✅Use salary exchange ✅Provide financial education ✅Encourage planning ✅Develop a personalised experience #Pension #RetirementPlanning #Benefits

Here is additional research demonstrating that a defined benefit pension plan is essential for public employers to retain a stable workforce.

The implementation of a new pension program will lead to salary deductions for workers. This mandatory contribution aims to enhance retirement benefits. However, many employees are worried about the impact on their take-home pay. #PensionsIndonesia #Income #PensionContribution

The much-anticipated Auto-Enrolment Pension Scheme, originally set to launch in January 2025, has been delayed. This initiative, designed to boost retirement savings for workers not currently enrolled in any pension plan, aims to automatically enrol employees into a pension scheme, with contributions from both the employer and the government. While this delay is disappointing for many, it presents an opportunity for further refinement, ensuring that the system will be effective, efficient, and beneficial for everyone involved. It’s essential that we get this right to provide financial security for workers in their later years. For employers who are seeking to build an attractive benefits package and for Employees who wish to plan ahead, Proactive steps now can help you navigate these changes when they come into effect. https://lnkd.in/ekirjeCf

Light-touch regulation is a concern as the Auto Enrollment system impacts a huge number of stakeholders. Pension schemes are already difficult for consumers to understand. Providers have huge institutional knowledge based on daily onboarding multiple customers: clients signup to pension schemes maybe three times across a 40-year career, and never develop the same depth of knowledge. This makes consumers vulnerable to manipulation, misinformation, and disinformation. Auto Enrollment clients will typically be lower-paid, in organisations (e.g. Irish SMEs) least resourced to educate staff. Without a strong regulatory framework, vulnerable customers are at risk of making poor decisions or taking bad advice, worsening their financial outcomes and negating the intent of Auto Enrollment.

Pleased to share my insights with the Irish Examiner on preparing for pension auto enrolment and a landmark year in pension reform. The introduction of pension auto-enrolment is a significant step forward in addressing current inequities that will bring around 800,000 new savers into the pension safety net. A really great thing. Businesses will need to take urgent action to navigate the significant changes that lie ahead across payroll, people and processes and examine ways in which their occupational pension plans may need to evolve over the coming months. Reach out to our human capital team today to see how we can support you navigate the transformative changes ahead and build a more resilient workforce into the future. Read more here: https://lnkd.in/e9chdeNf #AonIreland #AutoEnrolment #PensionReform #HumanCapital 

Workplace pensions might be a lot greener than you think as pension funds are decarbonising at a rapid pace. ✳ Exclusive research has revealed workplace pensions have significantly reduced the carbon footprint of their investment portfolios. ✳ The study of 20 major pension providers revealed that seven of them have reduced the carbon footprint of their defined contribution (DC) portfolios by 50 percent or more in the past year. ✳ This means that the average carbon footprint of DC pensions is now 61.1 tonnes of carbon per million pounds invested. ✳ The pensions sector is leading the way on sustainability reporting in the UK, disclosing carbon metrics in greater detail than most other areas of the financial services sector. 📢 The full research has been published in Benefits Expert's ‘Guide to understanding sustainability in workplace pensions‘. 👉 You can DOWNLOAD THE FULL REPORT via the links in this news story https://lnkd.in/es5jr5Dp

This is a really interesting, and important, piece of research on the sustainability progress of workplace pensions. 👉 It might surprise you to know that many large workplace pension funds are decarbonising at a relatively fast pace, and they are measuring their progress in more detail than required. 👉 With so many employees looking for more sustainable, ESG- friendly benefits, a more sustainable pension could be the jewel in your benefits crown. 👇 Find out more in this Benefits Expert story and download ‘The Guide to understanding sustainability in workplace pensions’ via a link in the article for the full results.

📢 New Blog Alert: Understanding the French Pension System Our latest blog unravels the complexities of the French pension system! 🧩 Discover how it operates, how pensions are calculated, and the impact of the 2023 reform. Whether you're planning for retirement or just curious, our comprehensive guide will help you to understand the French pension landscape with ease. Read the full blog now and stay informed! 📝👇 #InternationalPayroll #OutsoursingPayroll #HRExperts #PayrollPortal #FrenchPensionSystem #PensionReform #RetirementPlanning #FinancialEducation #InternagoInsights https://lnkd.in/eTbCKSz6..