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In Increa easin ing D DC plan an participat pation t on - - PowerPoint PPT Presentation

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In Increa easin ing D DC plan an participat pation t on through gh communi nicat cation on John Hanly Hewlett Packard IAPF DC Conference 2nd December 2009 December 2nd, 2009 1 2 December 2009 1 HP today Simplifying

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SLIDE 1

December 2nd, 2009 1

1 2 December 2009

In Increa easin ing D DC plan an participat pation t

  • n through

gh communi nicat cation

  • n

John Hanly Hewlett Packard

IAPF DC Conference 2nd December 2009

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SLIDE 2

HP today

  • Simplifying technology

experiences around the world

  • Fortune 9 – U.S.

Fortune 32 – Global

  • 321,000 employees
  • 145,000 sales partners
  • 210,000 service partners
  • 88,000 retail locations
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SLIDE 3

HP in Ireland

  • HP Manufacturing Ltd
  • HP Ireland Ltd
  • HP Galway Ltd
  • HP Financial Services Ltd
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SLIDE 4
  • 8 Trustees, HP representation, Administrators
  • Investment subcommittee
  • Governance subcommittee
  • Communication subcommittee

It’s What You Make Of It Your Retirement Plan

Hewlett Packard Ireland Defined Contribution Plan

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SLIDE 5

Age profile of active members

2% 15% 53% 23% 7% Under 25 25-35 35-45 45-55 55+

It’s What You Make Of It Your Retirement Plan

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SLIDE 6

Communication strategy

  • Engage, educate and empower members to

plan for retirement and take responsibility for their financial security when they retire

  • HP communications strategy uses a multi-

channel, integrated approach to engage members and help them understand the role they play in planning for retirement

It’s What You Make Of It Your Retirement Plan

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SLIDE 7

Employee survey

Submit by 20 April 2007

It’s What You Make Of It Your Retirement Plan

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SLIDE 8

Quarter 2 Quarter 3 Quarter 1

2008

Quarter 4 Quarter 4 Quarter 2 Quarter 3 Quarter 1 Quarter 4

2007

Quarter 2 Quarter 3 Quarter 1

2009

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SLIDE 9
  • Poster campaign
  • Booklet : Guides 1 & 2
  • Website
  • Emails
  • Newsletters : “Planning Ahead”
  • Presentations
  • Helpline

Communication tools

It’s What You Make Of It Your Retirement Plan

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Results : AVCs

  • 15% increase in the number of members making AVCs.
  • 36% increase in the amount of existing AVC contributors

Age profile of members making AVCs

It’s What You Make Of It Your Retirement Plan

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Results : Presentation feedback

It’s What You Make Of It Your Retirement Plan

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Results :What will you do next ?

25% 42% 11% 22%

I'm interested in making AVCs I think I've made the wrong investment decisions, I'm going to check out Mercer OneView and change my investment funds to what I think is better for me I'm going to check out Mercer OneView I'm going to call the Mecer Helpline

It’s What You Make Of It Your Retirement Plan

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Result : Member contribution rates

It’s What You Make Of It Your Retirement Plan

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SLIDE 15

Next steps

  • Continue, reiterate, listen, adapt
  • Deferred members
  • Lifestyling

“The biggest problem with communication is the illusion that it has been accomplished” George Bernard Shaw

It’s What You Make Of It Your Retirement Plan

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It’s What You Make Of It Your Retirement Plan

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December 2nd, 2009 17

Thank You