UK - Orbit Benefits has developed an internet package designed to encourage employees to take more interest in their pension plans.
The employee benefits consultancy – which specialises in the creation and implementation of online pension and benefits packages – said the product would enhance its internet benefits management system by sending regular email valuations to members.
The service – called Prompt – is also able to provide email investment alerts, which automatically notify scheme members if any of the funds that they were invested in move up or down by a certain percentage – helping people spot volatility in their fund.
Orbit Benefits director Charlie Carrick said: “We are constantly looking for ways we can motivate employees to take more interest in their pension.
“And with regular and active monitoring and management members can increase the value of their fund.”
The Pension Protection Fund (PPF) has published contingency planning guidance for trustees to help them manage risk.
The trustees of the Autoenrolment.co.uk and Moore Stephens master trusts have been fined for "deficient" chair's statements after failed court action against The Pensions Regulator (TPR).
Henry Tapper shares his thoughts on how IGCs could provide value for money statements that people wanted to read