There has never been a more important time for employers to make sure that their employees have a good understanding of their own financial affairs.
A current big trend is the rise of tailor-made lessons, which are specific to a worker's benefits or lifestyle. Jonathan Watts-Lay, director at financial education firm WEALTH at work, says: "Benefit-based education may include how to mitigate tax on a share scheme maturity to those affected by the new pension legislation. Life-stage [education] shows how combining benefits can help achieve personal goals, such as combining workplace discount vouchers with Isas to save for a deposit for a flat."
Exact market shares are not available, but the biggest providers include Anthony Hodges Consulting, Clarity, Close Asset Management, Life Academy, Money Advice Service, Origen, Retirement Education Services and WEALTH at work.
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