Volkswagen launches pension sessions for staff

EXCLUSIVE: Volkswagen has introduced educational classes about the pension freedoms for its 960 UK staff.


The classes were designed following the pension flexibilities, which were first announced in the 2014 Budget.  

The first session was launched at the end of June 2015, with more seminars planned for September and November.

The organisation will also be offering one-to-one sessions with its pension administrators in September, so that employees can discuss and obtain factual information about their pension benefits.

Kristy Coogan, pensions manager at Volkswagen Group UK, said: “It was felt that the employer should help support their employees with training and education [about the pension freedoms].

”The classes were designed following the Budget 2014 changes and the fact that pension flexibilities seemed to be considered more complicated.”