Meet the highly experienced trustees and pensions experts who work hard to make Ensign the go-to pension for the maritime industry.
Auto enrolment means more people have a pension, but not necessarily a good one. By educating members as early as possible and putting control back into their hands, schemes and employers alike need to do their bit to ensure employees are heading towards secure, comfortable retirements.
Mike Jess BEM
Planning for the future can be a daunting task, especially if you’re a seafarer. Research by maritime charities has shown seafarers are still among the least visible of UK workforces and continue to face many needs unique to their occupation. But help is at hand. A good, affordable pension plan geared to your sector is a step in the right direction.
Employers face so many issues when it comes to pensions, with in-house schemes posing a serious drain on internal resources. But companies may find it hard to let go – after all, who else will care about their employees as much as they will? Ensign acts as an extension of your business, and because it’s rooted in the maritime industry it has members’ best interests at heart.
It’s high time there was a dedicated pension scheme for the industry. With so much good work being done to champion the rights and interests of the UK maritime industry, looking after the needs of workers when they retire is an essential part of that mix. Being a seafarer doesn’t mean you can’t have a stable, high-quality pension.
A pension provider is only as good as its people. As well as our highly experienced Trustee Board, there’s an incredible team of pensions experts working behind the scenes to help deliver on promises to members and support the trustees in ensuring good governance at every turn.
We’ve found people are the least likely to put their spare cash into a personal pension or increase their pension contributions, opting instead to put it in the bank or on special purchases. Who are we to argue the latter? But pensions are a much better investment option than the bank. Pension providers and employers have their work cut out to increase general understanding and engagement around the subject.
Only one in three of us knows what we need for a decent retirement. That’s not good enough. Auto enrolment is only the start of the pensions story. Employers and pension providers alike have a moral responsibility to ensure schemes remain fit for purpose and members know the value and potential of what they’re buying into.