The role of technology in modern retirement solutions

The way we do retirement is not quite up to date. A collective pension fund that includes people who have long since left a company. Where young people pay for older people. And where nobody knows how it works. Seriously? We live in the information age! We are individuals. And there are not enough young people to pay for the old! 

Technological innovations. We've seen a lot of those already. But then why not in pensions? Because so much is possible! With the help of technology, employers can be relieved, and employees can get better insight into their pension accrual. You can read how that works in this blog.

Why technological innovation is needed

Unknown makes unloved. So says the well-known proverb. And so it is with retirement. We know we have to deal with it. But because pension funds are little transparent, complex, and actually very rigid, we don't actively deal with them ourselves (maybe we avoid them a little?). We trust that the employer does take care of it and knows what he is doing. But even for the employer, pension is a big and expensive question mark. And moreover, a question mark that takes a lot of administrative work. In many cases, therefore, there is no pension, precisely for the previous reasons. But that's still a loss for your old age, especially if you don't have to. 

Technological innovations offer solutions to these challenges. 

We are pretty much married to our phones these days. There is an app for everything. So why not for retirement? Because an app for retirement can give an employee a lot of insight into pension accrual. For that, by the way, the pension has to be built up individually. Which of course fits perfectly within the zeitgeist of today. People also want a lot of flexibility. That too can be done with the help of an app ("There's an app for that"). How? We explain it to you. 

Greater appreciation of retirement thanks to technology

A complaint we often hear from employers is that employees don't really value retirement. But this really can be done differently. They saw this at energy company Spectral. Once their employees started using the Vive App, they suddenly became very excited about retirement. They started talking to each other about what they were doing for retirement. And could also show this to each other through the app. As a result, the employees encouraged each other to think more carefully about retirement and to really take financial planning into their own hands. 

How does the app work?

With our app, employees can understand their pension accrual at any time. They can easily see how much they have accrued, how their money is invested and what returns they can expect. This transparency helps employees appreciate the value of their retirement plan and become actively involved in their financial planning. No more weird and cumbersome online portals that seem to date back to the year of the juggernaut. 

Technology encourages active involvement in financial future

Technological advances in the retirement industry offer numerous benefits that far surpass traditional methods. They make pension management simpler, more transparent and better tailored to the individual needs of employees, ultimately leading to a more engaged and satisfied workforce.

Companies that invest in technology retirement solutions often see a significant increase in employee engagement, as did the aforementioned company Spectral. But the Internet company MiWebb also had a similar story. This company noted that staff appreciated the transparency and ease of managing their retirement, which led to a proactive attitude toward their financial planning.

By using modern technologies, employers can provide employees with the tools they need to make informed decisions and be actively involved in their financial future.

Revolution in pensions

Technology plays a crucial role in modernizing retirement solutions. Innovative applications such as digital platforms allow employees to better understand their retirement assets and make informed decisions. This leads to increased employee engagement and satisfaction.

Financial education is becoming more accessible through technology, making employees better prepared for their financial future. Companies investing in technological retirement solutions are seeing the benefits in terms of employee satisfaction and engagement.

The future of retirement solutions lies in constant technological innovation. Therefore, we want to encourage employers to consider modern technology solutions to provide their employees with the best support in their financial planning and retirement planning. 

Technology improves not only efficiency, but also employee engagement and satisfaction. And that's what you want. Especially in today's job market.