Is there market demand for a corporate wrap or Flexible Savings Platform to incorporate wider workplace savings vehicles other than ISAs and self-invested personal pensions? Do employees understand the value of workplace savings? Jonathan Watts-Lay comments on the need for financial education in the workplace to aid understanding of new regulations and of the choices available.
He explains, " Financial education is essential. With the introduction of new regulations including auto enrolment and the additional workplace savings choices available such as Workplace SIPP & ISA, employees now have a number of options to consider. Financial education in the workplace is essential to understanding these changes and new choices, to ensure employees maximise value so they may prepare for a better retirement".
Please see the article on the Professional Pensions website.
