Are employers adding to the multiple Pension Pots problem?

More and more employees are taking control of their pensions, tracking down old pots, consolidating them, and actively planning for retirement. But when they join a company, the default scheme creates yet another pot, instead of supporting their efforts, the employer pension setup is adding to the problem employees  are working hard to overcome.

One pension size does not fit all

Workforces aren't homogenous so why are their pension schemes? From Gen Z to seasoned professionals, people have different needs, values, and financial goals. They don’t all bank with the same provider, so why should they all pension with the same one? A single pension offering can’t inspire everyone and often it inspires no one.

When every pension has its own rulebook

Managing multiple pension offerings is a time drain. Juggling different provider portals, submitting physical forms, making separate payments, each scheme adds its own process, its own rules, and its own frustrations. What should be a simple benefit turns into an admin maze for your team.