BENEFITS · STRATEGY

Opting out is easier than opting in.

Opting-out models raise pension take-up significantly, without pressure and without extra cost.

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Inertia leaves staff without provision.

Only a fraction of employees take up salary sacrifice voluntarily, often out of inertia rather than objection. The classic opt-in approach means many people miss out on the retirement provision they actually want, which can reflect badly on the employer.

Enrolled automatically. Opting out is a deliberate choice.

Under an opting-out scheme every new employee is enrolled in the pension automatically and can actively withdraw. We design the scheme on a sound legal footing, develop the right communication and support your HR team through the roll-out.

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The default decides.

EXAMPLE: 50 NEW EMPLOYEES
How many take out a pension
Classic opt-in (voluntary)approx. 15
With opting out (enrolled automatically)approx. 45
Additional employees covered+ 30

An illustration of the default effect. The actual rate depends on the design, the withdrawal period and the communication. No specific figures are guaranteed.

Why opting out works so well.

Automatic

New staff are enrolled automatically rather than having to sign up. Inertia then works for their provision instead of against it.

No extra cost

Opting out uses the salary sacrifice arrangement you already have. It raises participation without needing extra budget.

Voluntary

Nobody is forced into anything: withdrawal is possible at any time. Freedom of choice is fully preserved.

+ take-up

Far more employees build up provision, which eases matters later and today strengthens your standing as an employer who looks after its people.

What an opting-out scheme needs.

The default does the work

People tend to stay with the default. If provision is the default, far more end up with it, with no pressure at all.

No compulsion

Withdrawal is possible at any time. Opting out raises participation without taking anyone's choice away.

Mind the legal framework

An opting-out scheme needs a proper basis, whether in a works agreement, a collective agreement or the scheme rules. We put that on a sound legal footing.

Communication decides

Clear information is the key to acceptance. Staff need to understand what is happening and how they can object.

The W&P advisory team in the office

Experience you can rely on.

37+ years

in the market

100%

independent advice

DEWE

Certified partner of Deutscher Wertschutz e.V.

Participation that rises by itself.

An opting-out scheme lifts pension participation considerably, without pressure, without extra cost and with full freedom of choice. We design it soundly, develop the communication and support your HR team through the roll-out.

Automatic

Higher participation through the right default, with no pressure at all.

Legally sound

Properly set up through the scheme rules or a works agreement.

Fair

Withdrawal possible at any time, with full freedom of choice preserved.

Worth knowing

Opting out needs the right legal basis and clear communication. We check the requirements, set the scheme up and support the roll-out to your team.

Talk opting out through with us →

Let’s talk.

A free first consultation, in person, by phone or by video. You then decide how to proceed.

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