WORKPLACE PENSION

Our core offering is our pension scheme. It gives your employees the opportunity to choose some of the best investments from around the world. And if your they're not comfortable making their own investment choices, our low-cost default fund makes it easy for them invest for their retirement.

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I’ve had a number of other pension accounts and the HL one is the easiest to manage and the best balance of communication and information.

Anonymous employee

Our investment range

Your employees can choose from the range of options. Their contributions are automatically invested in the default fund, but our Starter Funds and Wealth Shortlist offer an expertly curated choice. Or, they can choose their own investments from our wider platform. These options are not personal advice. If you’re not sure of the suitability of an investment, ask us about advice. Investments can rise and fall in value, so you could get back less than you invest.

DEFAULT FUND

For those who aren’t comfortable choosing their own investments, our specialist research team selects a low-cost default fund for your Workplace Pension.

STARTER FUNDS

For those who want to choose their own funds, but are unsure where to start - our experts suggest three simple fund ideas that could appeal to almost any type of investor, an Adventurous fund, a Balanced fund, and a Cautious fund.

WEALTH SHORTLIST

This is a curated list of funds which our analysts believe have the potential to outperform their peers over the long term.

FULL INVESTMENT CHOICE

Members can choose shares from major stock exchanges, investment trusts, exchange-traded funds and more.

Investing responsibly with our default fund Sustainable and ethical behaviour is becoming increasingly important, and our investment choices are no different. From an ESG perspective, our default fund will apply exclusions and tilt toward companies that score well on a range of ESG criteria and away from those that score less favourably.

SPOTLIGHT ON:

Default fund

Most workplace pensions are invested in a default fund – a 'one size fits all' fund which tries to meet the needs of all members as far as is practical. Qualifying automatic enrolment schemes are required to offer a default fund option. A default fund is a great place to start for those who don’t feel comfortable choosing their own investments.

Group SIPP We offer a Group Self-Invested Personal Pension (GSIPP). This means we offer a wide range of investment options for employees who are happy making their own decisions.

Governance

Helping you get your money’s worth from your workplace pension. It can be frustrating to pay a lot for a service where you don’t know if it’s benefitting your employees. We’ll keep you up to date with how your workplace pension is being run, and ensure you can react quickly to any changes or developments.

We’ll cover:

  • Performance How is your default fund performing vs its benchmark?
  • Technical review Are there any legislative changes or regulatory updates you need to be aware of?
  • Member engagement Engagement delivers better saving habits, more confident financial decision-making and high engagement helps you make the most of your benefit spend.

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Our relationship with our account manager [is the best part of the HL service]. Alastair has been a great partner in helping us better our pension plan.

Employer comment

But here’s the best part: our Engagement Dashboard.

Our seven key metrics give unparalleled insight

We’re passionate about our member engagement. Over 52% of our members have increased contributions beyond their employer’s standard level, and over 72% have logged into their pension accounts in the last 12 months. Our dashboard looks at seven different choices members make to put them on track for a better retirement.

  • Contributions – those choosing to pay more than the minimum level set by their employer
  • Investment choice – making their own investment choices (other than the default)
  • Pension transfer in – choosing to transfer old pensions into their workplace plan
  • Additional account – saving and investing alongside their pension
  • Online access – registering to view their pension online
  • Monitoring – logging into their online account to view their pension in the last 12 months
  • Death benefit – nominating who they’d like to receive their pension pot if they die.

We’ll give your workplace pension scheme an overall score for each action, and benchmark your engagement levels against our own client base.

Their pension in their pocket – the HL app

No matter how they invest, employees can manage everything in one place.

  • Fast, secure account access
  • Keep track of their regular investing plan
  • Top up and withdraw cash on the go