Aegon has teamed up with Pension Geeks to visit a range of businesses to offer information and guidance on pensions and saving for later life.
The initiative has seen experts call at firms to encourage their staff to learn more about their pension options.
It included a caricaturist to capture what people could look like in later life. Pension Geeks and Aegon experts also sat down for informal chats over coffee with individuals about what kind of retirement they could have.
This included a review of the retirement age and what this means for people. Information was also provided on pension pot value and where pensions are invested.
Ronnie Taylor, chief distribution officer at Aegon, said: "Many people simply aren’t engaging with planning for later life and all too often it falls to the bottom of the to-do list. The reality is that unless individuals actively engage with their pension savings, they are at risk of being entirely unprepared for retirement.
"Engagement with workplace pension savings can boost employee’s financial wellbeing and can be a tool to help employers to attract and retain talent."
The tour of UK businesses was arranged following the publication of the bi-annual Aegon Retirement Confidence survey, which revealed about one in four staff surveyed by Aegon did not know how much they had in pension savings, while one in five said they were not confident about their ability to retire in comfort.
Jon Bean, chartered financial planner at Eldon Financial Planning, said: "Anything that gets people engaging with retirement and later life issues is to be applauded, but one-stop visits will only go so far.
"The government has a responsibility to educate people about finances when they are young, so it’s not left too late. Likewise businesses need to push the benefits of pension and retirement planning to staff as soon as they can, and not just focus on those in their 40s and 50s."
dan.moore@ft.com
