2025 Trends in Pension Management: Are You Prepared?
Pension management in the UK is evolving quickly, and now in 2025, it’s essential for businesses, accountants, and pension providers to stay ahead of the curve. From new technologies and regulations to changing employee expectations, the pension landscape is becoming more complex. Here’s a look at the key trends and how you can prepare – with Husky by your side.
1. Employee Wellbeing and Financial Literacy Take Centre Stage
Pensions are no longer just about retirement savings; they’re now part of a broader conversation about financial wellbeing. Employees are demanding more support, including clear guidance on pensions and better financial education. Businesses need to ensure their workforce understands how to maximise their pension savings and plan for the future.
How to Prepare:
Offer financial education, workshops, and access to pension advisors to help employees make informed decisions.
2. Automation and Digital Platforms for Streamlined Management
Pension administration is shifting towards full automation. With UK auto-enrolment in place, businesses must manage employee contributions, employer contributions, and compliance efficiently. Cloud-based, automated platforms will handle everything, reducing manual tasks and errors while ensuring compliance with ever-changing regulations.
How to Prepare:
Invest in an automated pension management platform to save time and stay compliant. Husky’s all-in-one solution simplifies onboarding, contribution tracking, and regulatory checks.
3. Sustainability and ESG Investing in Pensions
As more employees – especially younger generations – seek to align their investments with their values, ESG (environmental, social, and governance) investing is becoming a must-have for pension schemes. Offering ESG-compliant options will not only appeal to employees but also improve your company’s image and help attract top talent.
How to Prepare:
Work with your pension provider to offer ESG-friendly investment choices. Husky partners with top providers offering sustainable investment options.
4. Rising Regulatory Demands and Compliance
Pension regulations in the UK are becoming more stringent. Staying compliant with auto-enrolment rules, contribution limits, and fee transparency is critical to avoiding penalties. In 2025, businesses will need a reliable way to ensure their pension schemes meet all legal requirements.
How to Prepare:
Ensure your pension scheme is fully compliant with the latest regulations. Husky’s automated platform takes care of compliance, ensuring you’re always up-to-date. You can book a call with Husky to get a free compliance check.
5. Personalised Pension Plans for a Diverse Workforce
One-size-fits-all pension plans are becoming a thing of the past. Employees expect flexibility in their pension schemes, whether it’s through tailored investment options or varying contribution levels. Businesses need to offer solutions that cater to a diverse workforce with different needs and financial goals.
How to Prepare:
Provide a variety of pension options and allow employees to personalise their plans. Husky makes it easy to offer flexible, personalised pensions.
6. Integrating Pensions with Other Employee Benefits
Pensions are no longer standalone benefits; they are being integrated with other offerings like health insurance, life insurance, and paid leave to create a comprehensive employee benefits package. This holistic approach helps businesses attract and retain top talent.
How to Prepare:
Review your benefits package and consider integrating your pension scheme with other offerings. Husky simplifies this by managing multiple benefits in one seamless platform.
Husky: Simplifying Pensions for the Future
Pension management doesn’t have to be complex. Husky automates everything from onboarding to ongoing management, saving you time and ensuring compliance. With Husky, you also get access to preferential rates from top pension providers, potentially saving up to 80% on fees. Plus, employees get real-time updates and the flexibility to manage their pensions as a tax-efficient savings tool.
Ready for 2025?
As pensions evolve in 2025, businesses need to adapt to changing expectations and regulations. With Husky, you can streamline your pension management, reduce administrative burdens, and ensure full compliance – all while offering your employees the benefits they expect.
Start preparing for the future of pensions today with Husky – your trusted partner for managing workplace pensions.
