Ten million of us will be centenarians – and as lives lengthen, retirement income is more important than ever.
Jonathan Watts-Lay, Director of
WEALTH at work comments:"The decision individuals make at retirement is
increasingly turning into the biggest decision of their lives. With so many different financial
options available at retirement, it is now more important than ever that they possess the right
knowledge to make the right decisions. Increasingly employers are using specialist
workplace financial education providers to help employees plan to build up
retirement savings and also to help them make the right financial decisions at retirement. This is
often supported by advice. A survey by
WEALTH at work showed this growing trend. For example, 84% of those companies
surveyed, provide
financial education and/ or advice as a degree of support at retirement with 34%
providing this support five years or more from their anticipated retirement date. 80% of companies
surveyed agreed they need to take action to ensure employees are aware of the need to save which
increases to 100% of the FTSE 100".
To see the results, please see the
CSR
Survey Results Report.
Readers may want to ask their employer what
financial education & or
retirement advice is available in their company.
Read the article on The Independent.
