Employees

Personal pensions are increasingly used by employees who want greater choice and visibility over their long term savings, not because they reject workplace pensions. As job changes create multiple pension pots, fragmentation makes it harder to see the full picture. A personal pension can help consolidate savings, but only when employees have real choice over where workplace contributions are paid.

Unmonitored pensions can quietly weaken long term savings at every stage of life. As workers change jobs more often, multiple pension pots build up and visibility is lost. Missed contributions, unsuitable investments and hidden fees can all reduce future value over time. Regular pension check ins help savers spot issues early, stay aligned with their goals and protect their retirement with greater clarity and control.

More than £26 billion in UK pension savings is sitting in lost or forgotten pots and the impact is felt at every life stage. As people move jobs, small pensions drift out of sight and become harder to track, creating stress and reducing long term confidence. Understanding what you have and where it sits is the first step to regaining control.

Employees now value pension choice more than short term perks because it supports how they already manage their finances. Allowing people to direct contributions into a pension they trust reduces friction, builds confidence and strengthens long term financial wellbeing. For HR leaders, this is a practical way to offer a benefit that genuinely adds lasting value.

Gen Z face rising living costs, stretched salaries, and financial milestones that feel further away than ever, which is exactly why pensions matter. Your pension is one of the few areas where time works in your favour. Even small contributions, supported by your employer and tax relief, grow steadily in the background. Research shows a 25 year old today may need a pension pot of £3.1 million to retire comfortably, which highlights how valuable early action can be.

Discover how to make the most of your workplace pension at every life stage. This guide explains how to manage contributions, consolidate multiple pension pots, and build long-term savings with confidence. Learn how to stay enrolled, maximise employer matching, and keep your money growing in one place.