FirstGroup to debate whether pensions are best savings option

John Chilman, group reward and pensions director at FirstGroup, will question whether pensions are the only solution for long-term saving in a session at Employee Benefits Live.

FirstGroup

The session, ‘Pensions as a gateway to wider benefits engagement’, will look into alternative saving vehicles on the back of the government’s chances to increase flexibility around pensions.

Chilman said: “It’s going to look at not just what the UK has done, but at what other places in the world have done, and try to bring together a cohesive argument that gives reward managers and HR generalists some food for thought, in terms of trying to determine that their strategy should be.”

The session will be useful for delegates who are wondering whether pensions are the right option for their workforce.

“I will look at different workforces, including those that have got a much higher-paid workforce and at the other end of the extreme, where there are part-time, temporary workers who may just fall into auto-enrolment because they might have just got £10,000 a year of income,” added Chilman. “[Pensions] isn’t going to be their prime savings vehicle.”

Employee Benefits Live will be held at Olympia National in London on 24 and 25 September 2014.

See the full conference programme and register to attend