White paper: The pension recovery plan

Whether your pension scheme members are in retirement, approaching it or are just starting out on their retirement planning journey, they will have been a­ffected by the recent downturns caused by COVID-19, albeit in slightly di­fferent ways.

Lemonade Reward’s white paper The pension recovery plan outlines how to support those affected by the downturn. It provides easy-to-understand guidance for businesses on combatting the new challenges and illustrates how implementing a professional strategy with education and communication at its core can help rejuvenation begin for all employee demographic groups.

With help and guidance a top priority, it is our collective duty to empower our members and give them the confidence to make informed decisions during these toughest of times. The paper outlines four ways to do this by:

1. Explaining the effects of coronavirus
2. Improving pension knowledge
3. Managing expectations
4. Introducing the new digital landscape.