Read our year-by-year review of the last decade of workplace pensions and benefits.
Looking through the past 10 years of Corporate Adviser’s coverage of the benefits market it strikes me how far we have come in some areas yet how similar things are in others.
The pensions market of today is unrecognisable from the one I encountered a decade ago when I took the reins at the helm of this magazine. Back then, A-Day was considered the most exciting thing in the world; we would all get into obscure debates about Alternatively Secured Pension and allocation of investment growth within Sipps. But ever since George Osborne blew the doors off the system altogether, everyone has wanted to talk about pensions – and, leaving investment strategy to one side, it’s pretty simple.
Group risk and health advice are also very different now, with a far greater focus on health, wellbeing, productivity and human capital management, although some corners of the market remain unchanged.
That said, I would be lying if I claimed I hadn’t spotted more than the odd potboiler story in the decade’s worth of coverage I have just looked through. Such articles include stories where experts predict the abolition of pensions tax relief within a timeframe that has long since expired, and calls for the Government to provide fiscal stimuli to businesses for offering group income protection or return-to-work services.
Then there are the predictions that have been proven simply wrong: that Nest would fall over within weeks of being established, that nobody would want to make money out of the auto-enrolment market, or that consultancy charging would prove to be a lifeline for corporate advisers.
But between the outliers I detect, through 10 years of Corporate Adviser’s editorial coverage, a community of real experts engaged with its subject matter – the Government, employers, regulators, providers and other stakeholders – and helping to make sense of the noise by contributing to a debate with their peers.
Corporate Adviser may be going digital – as explained here – but I very much hope that the next 10 years will be as engaging as the last.
John Greenwood, editor, Corporate Adviser