Share
If you have a workplace pension scheme with us, you can offer your employees access to our tax-efficient Stocks and Shares ISA too at the same competitive charge.
But how do they work together to support you and your employees?
Remember, stocks and shares ISAs and workplace pensions are investments. The value of investments can go down as well as up, so employees may get back less than they pay in.
Manage everything in one place
For existing workplace pension customers, our mobile app already lets your employees view and manage their Royal London workplace pension at any time. They can also find future projections of what their investments might be worth, alongside a range of guidance tools and support materials that aim to help them to make confident financial decisions.
Other options employees have through our online service include:
- changing their details
- transferring pensions to Royal London
- reviewing and adjusting their investments.
Employees who open a Royal London Stocks and Shares ISA can manage it through the same app, all in one place. Having a simple overview of all their Royal London investments in one place could help your employees stay on top of their investments.
ProfitShare
A key benefit of investing with Royal London, a customer-owned mutual, is our aim to boost your employees’ investments with ProfitShare. This awards a share of our profits to customers with qualifying Royal London plans when we do well.
There’s no guarantee we can award ProfitShare every year. But, when we can, qualifying Royal London plans (including eligible pensions and our Stocks and Shares ISA) will enjoy a boost from ProfitShare. This can help them towards their financial goals.
Clear, competitive charge
Your employees will enjoy the same competitive annual management charge on their Royal London Stocks and Shares ISA as you’ve secured on their workplace pension when they invest in our expertly managed options, including our flagship Governed Range. If they invest in our wider range of externally managed funds, this charge may vary.
For you as the employer, there’s no additional charge to add the Stocks and Shares ISA to your benefits package.
Long-term investing for goals before retirement
Our Stocks and Shares ISA is an investment. Your employees’ money isn’t locked away (they can access it at any time), but the recommended holding period is five years or more. Investing over a longer timeframe can help smooth out market ups and downs and give their money more chance to benefit from compound growth.
For employees, combining both our Stocks and Shares ISA with their Royal London workplace pension gives them the opportunity to invest for both their retirement as well as shorter-term goals they may have before they stop working.
For example, employees could use our Stocks and Shares ISA for shorter-term goals such as a deposit for a first home or their children’s education.
Building financial resilience
Financial resilience means being more able to handle things that could impact our finances and overcome financial setbacks. Essentially, it’s how well someone can absorb, respond to and adjust to a financial shock.
High financial resilience – both short-term and long-term – can help your employees feel confident about their financial future. Low financial resilience, on the other hand, can negatively affect daily life. It can lead to financial worry and increased stress and anxiety, which in turn can have an impact on their physical and mental health.
By combining a workplace pension with a Stocks and Shares ISA, your employees can take proactive steps to build their financial resilience and feel more confident about their future.
What Royal London offers
We’re the biggest mutual life, pensions and investment company in the UK. Being a mutual means we’re proudly customer owned.
Offering your employees a pension and a Stocks and Shares ISA from Royal London gives them access to our range of investment options. Whether your employees are new or experienced investors, we'll support them at every stage with our wide range of investment options – from ready-made lifestyle strategies and portfolios to individual funds.
Together, our Stocks and Shares ISA and our workplace pension aim to help your employees on the road to meeting their goals for their financial future.
Our Stocks and Shares ISA
Our Stocks and Shares ISA lets employees invest money, withdraw it or make changes (such as to their investments). They're in complete control of where their money is invested.
They’ll get access to our ISA hub to find information about ISAs and investing. Plus, our UK-based customer service teams are available to support your employees with any questions they have about their Stocks and Shares ISA. If they need financial advice, we have a dedicated webpage to help them find a financial adviser.
Discover how our Stocks and Shares ISA can help support your employees' financial goals.
Our workplace pension
A Royal London workplace pension comes with ongoing support throughout the life of your scheme for both you and your employees.
We give employers who are new to offering their employees a Royal London workplace pension a dedicated implementation manager. They'll take ownership and accountability for setting up your scheme. This includes personal support and guidance, along with full training for you and your team on our online service.
Meanwhile, your employees benefit from our financial wellbeing service, which offers personalised guidance for employees in the form of videos, guides and tips.
Thinking of setting up a new Royal London workplace pension or transferring an existing scheme to us? Find out more about our workplace pensions.