If you have to change the pension benefits you provide, then you’ll need to explain the changes clearly to your staff, and make sure they understand the impact and the choices that they have.
People learn in different ways. Getting a message across to reach everyone will involve a carefully-blended mix of announcements, presentations and discussion, with presenters who know how to engage and communicate.
People can react unpredictably to change, and clear and open communication is essential.
If you communicate openly and honestly, then change needn’t cause problems, even if benefits are being reduced.
As an independent consultant specialising in this area First Actuarial can help, by putting together a tailored change management programme using our building block approach:
We start by talking with you, to agree your objectives. We take you through the building blocks we use– from workshops and surgeries to websites and videos – in our change programmes
Your tailor-made programme will give your employees the information they need in ways that suit them best. You can blend webinars and one-to-one web chats, websites with booklets, and the learning modules are available individually or as a programme, depending on your objectives and your budget. See our building blocks for the choices you have in our module delivery.
Getting your message across, with clear and concise announcements
Communicating changes openly and honestly, by organising and running group presentations
Encouraging people to ask questions and get to grips with how the change will affect them, by providing formal or informal one-to-one sessions
Being friendly, personable and approachable and going out of our way to answer questions before, during and after sessions
Using easy to use, high quality models to demonstrate the changes.
Our background as actuaries means that we understand even the most complicated areas of your pension scheme and its benefits.
Years of experience giving financial well being training means our consultants have the skills to explain complex issues simply and clearly.
We work hard to get your message across and to address any specific issues that may generate discontent. We won’t avoid the difficult bits.
We’re independent, and that means we can be honest and open. That way, your members are much more likely to listen to us.
“Really engaging speaker, and given the subject matter (I was attending because I felt I should, not because I expected to find it interesting!) the whole package was great.”
Looking to improve financial wellbeing in your workplace? Get in touch with us today.
Download our financial wellbeing brochure.
From websites and webinars to one-to-one discussions, First Actuarial's financial wellbeing programme meets the needs of all employees and receives rave reviews at a leading fast moving consumer goods business.
"First Actuarial staff have a real passion about financial wellbeing. They make a real difference to people’s lives by helping them manage their finances properly. And that comes through in their energy and commitment to everything they do."
First Actuarial partnered with Bromford to communicate extensive pension scheme changes and improve financial wellbeing, delivering more than 40 group presentations to 1,200 colleagues.
"Working with First Actuarial was a highly professional partnership that had a positive effect on our colleagues. We received great feedback on both the group and one-to-one sessions they ran."
Housing association Aster Group extended its financial wellbeing programme and brought in First Actuarial to deliver a bespoke Retirement Planner, with supporting webinars and one-to-one sessions.
“People love the one-to-ones and are grateful for them. It’s a valuable offering that would otherwise cost them hundreds of pounds. People recognise it as a real benefit.”