Pensions Week
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Kellogg's employees wake up to the chance of a brighter future
Published:  22 May, 2009

Despite a number of recent studies indicating that UK workers are disenchanted with occupational pension arrangements, Kellogg’s, the household name cereal manufacturer, can demonstrate it has successfully bucked that trend.

Since introducing a Save More Tomorrow (SMT) scheme with its provider Axa Winterthur in 2008, it has spectacularly driven up the participation by more than half, from around 60% to 97%.

The success is a ringing endorsement for the SMT process, which started life in US 401k schemes, not only for the increase in participation, but by achieving this rate across a workforce that is has a highly diverse demographic.



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