Traditionally, Human Resource teams were involved with several key functions: Recruitment, Training, Welfare, Culture, Benefits, Safety and Discipline.

Sadly, the ‘Benefits’ function is becoming increasingly challenging to get right within the Legal and Banking sectors. Year on year, we are seeing increasing  numbers of employee issues pertinent to pension and  associated benefits.

With the introduction of Auto Enrolment, the UK legal directive regarding mandatory employer pension contributions, and the subsequent tapering of annual pensions allowance, some HR functions struggle to get this right.

To complicate matters further, the reducing lifetime allowance for pensions and its association with employee benefit based life assurance, it is not just the highest-earning staff/members that are being affected.