Ongoing Communication and Advisor Support for Pensions
In today’s corporate pension landscape, member engagement and clear communication are key to ensuring employees make informed retirement decisions. New Ireland has transformed this process with MyPension365, a platform designed to support employees from the moment they join a pension scheme through to retirement. By providing ongoing, personalised communication MyPension365 keeps members informed and engaged while improving efficiency for employers.
Tailored Communication from Enrolment to Retirement
MyPension365 stands out by delivering relevant, timely communication to pension members from the day they join a pension plan. New employees receive a warm welcome, with clear explanations about the pension scheme, its benefits, and how to navigate their pension portal. This onboarding process is essential for setting members up for success early on, delivered through a combination of digital updates and advisor-led support.
As members progress through their careers, MyPension365 continues to deliver personalised updates. These communications, which can come from New Ireland’s in-house team or financial brokers or advisors, include investment performance updates, contribution reminders, and financial planning information. This approach ensures members stay engaged with their pensions at every stage of their journey, from early career decisions to retirement planning.
Advisors Deliver Personalised Guidance
A key feature of MyPension365 is its ability to connect members with specialist advice, either from New Ireland’s team or financial brokers or advisors, depending on the employer’s preference. This flexibility allows companies to offer tailored support that fits the needs of their workforce.
For employees, having access to personalised advice at any time is invaluable. Whether they have questions about their pension investments, need guidance on contribution strategies, or want help planning their retirement, they can receive one-on-one support. Advisors, freed from manual administrative tasks by MyPension365’s automation, can dedicate more time to helping members make informed decisions. This proactive engagement encourages members to take control of their financial future with confidence.
Digital Tools Enhance Member Engagement
In addition to personalised advice, MyPension365 offers members a user-friendly mobile app, making it easier than ever to stay engaged with their pensions. The app provides real-time access to pension details, including investment performance, contribution history, and available options for plan adjustments. Members can take action as needed.
Members can also manage their pension from any location and are empowered to take a more active role in planning for their retirement. This blend of digital tools and advisor-led personalised communication is key to driving better engagement and outcomes for employees.
Employer Efficiency and Streamlined Administration
While MyPension365 promotes better engagement for employees, it also delivers significant efficiency gains for employers. The platform reduces administrative burdens by automating key tasks such as data uploads and document management. This automation minimises manual tasks. It reduces the risk of errors and frees up HR teams to focus on more strategic activities.
Employers also benefit from detailed reporting and insights into their pension scheme’s performance, helping them stay compliant with pension regulations and deliver a better overall experience to their workforce. By simplifying pension management, MyPension365 allows employers to offer a highly efficient and effective pension scheme that aligns with their employees’ needs.
A Future-Ready Pension Solution
As the corporate pensions landscape evolves, along with the introduction of the government-led auto-enrolment plan “My Future Fund”, digital innovation will continue to play a key role in improving pension engagement and management. MyPension365 is at the forefront of this transformation, offering a platform that combines automation, ongoing communication, and advisor support to deliver a better experience for employers and employees alike.
MyPension365 enhances employer efficiency by streamlining administrative tasks while providing members with ongoing communication and specialist guidance from advisors. Through this mix of technology and advisor-led support, New Ireland is setting a new benchmark in corporate pension management, ensuring employees stay engaged and empowered throughout their pension journey.
For more visit https://www.newireland.ie/master-trust/ or talk to your Financial Broker or Advisor.
New Ireland Assurance Company plc is regulated by the Central Bank of Ireland. A member of Bank of Ireland Group.