Could auto-enrolment resolve young workers’ fears?

The marketing director of the Canada Life Group, Paul Avis, has said that more young people could remain auto-enrolled were it seen a sign of their continued career and future within a company.

Mr Avis recommended that auto-enrolment be used by employers to dispel fears of younger workers’ that older workers would obstruct their career paths.

He also noted that auto-enrolment presented an ideal opportunity for companies to assess their benefits offering entire, noting that several protection products could be introduced at a reasonably low cost.

Mr Avis continued: “As smaller companies reach their staging date, all employers should be considering whether their benefits package supports a happy and productive workforce.

“Younger employees are clearly concerned that an older workforce will make the jobs market more static, preventing them from progressing in their careers.”

Founding partner and head of marketing at London-based Plutus Wealth Management, Georgina Partridge, said on the topic: “I agree with Canada Life, in that setting up auto-enrolment lends itself to the employer engaging in conversation with younger employees.

“Many will not have been involved in financial planning before and this will be a sign that the employer is taking a longer-term view of their career.”