IRELAND - The Pensions Board is embarking on a campaign to increase pension provision among youth.
Only 50% of people aged 25 to 34 have private pension provision at present. The advertising campaign is designed to target environments where young consumers are more likely to be, said Pensions Board information and training head Mary Hutch.
“The endeavour to encourage activity around pensions sees us entering the very backyard of our key target sectors,” she said. “Young people go to the cinema in the evening, have a drink in the pub with their friends at the weekend or travel by bus. The intention of our winter campaign is that the issue of pensions will turn up where they least expect it and encourage people to face up to their financial futures.”
Hutch said there already was a high level of awareness around pensions, but the aim now was to convert awareness into action.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.