Surveys

Surveys Results

Wellbeing in the Workplace 2017Pension Changes survey 2017Pension Changes survey 2015Do your employees need to rethink retirement? Survey 2014Retirement Income Options Survey 2013Rethink Retirement Survey Results 2012Rethink Retirement Survey Results 2011CSR Survey 2010
Wellbeing in the Workplace

Wellbeing in the Workplace 2017


pension changes survey results 2017

Pension Changes Survey results 2017

WEALTH at work recently conducted a survey to investigate what’s changed in the workplace since the introduction of the pension changes. Its aim was to understand the attitudes and opinions of a range of UK companies in recognising the need to support their employees as they approach and reach retirement.

Please click below to see our survey results.

Pension-changes-survey-results-2017.pdf

Key findings include:

  • Only 10% of employers believe their employees are saving enough for their retirement
  • 39% of employers confirmed that if employees do not select a glide path, the default investment option will be targeted to an annuity
  • Only 20% of employers provide a full retirement income service for employees at-retirement
  • Almost half (48%) of employers believe that their employees are not aware of the various retirement income options available to them at-retirement
  • More than half (55%) of employers either provide no support or information only for employees at-retirement

In total, the research received 108 responses which were completed online and via paper over 4 months from August to November 2016. The survey targeted key HR, Rewards & Benefits and Pension professionals. 11% of respondents were from the FTSE 350, 36% were from large companies with 500 employees and more, 6% were from SMEs and 47% of respondents chose to remain anonymous.

For more information, please contact us.

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Pension Changes Survey results 2015

WEALTH at work recently conducted a survey, its aim was to understand the attitudes and opinions of a range of UK companies in recognising the need to support their employees as they approach and reach retirement.

Please click below to see our survey results.

Pension changes survey our results 2015

Key findings include:

  • Only 11% of employers believe their employees are saving enough for their retirement
  • When employees do not select a glide path, 43% of employers will still default employees to an annuity tracked glide path, this is despite a significant fall in annuity purchase as a preferred option for employees
  • Over a quarter (26%) of employers do not allow employees to take money from their pension (age 55) whilst they are still working for them
  • Almost one third (32%) of employers do not provide access to the new pension flexibilities in their scheme at-retirement
  • 40% of employers do not offer their employees financial education around the pension flexibilities at-retirement

Since the pension changes came into place, both employers and employees have had to adapt to the many new options and decisions that they now face. Although many employers are now recognising this, there is still much more that can be done to support employees in the years before retirement, as well as at the point of retirement, if retirement income is to be optimised. After all, without the right financial education, guidance and advice employees could be left incredibly vulnerable to making poor decisions.

For more information, please contact us

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Do your employees need to rethink retirement? 2014

WEALTH at work recently conducted a survey to help identify the approaches and opinions of a range of companies to see how, and if, they are recognising the growing need to support employees at retirement.

Please click below to see our survey results.

Retirement Income Options Survey Results 2014

 

Key findings include:

  • Only 15% of employers believe their employees are making sufficient retirement savings
  • 88% consider professional retirement planning including financial education crucial for their employees
  • 40% of employers believe that their employees will not know where to seek regulated financial advice from
  • Only 23% of participants believe that their employees are well equipped to understand what level of income they will get from their company schemes at retirement
  • 53% of participants believe that their employees aren’t aware of the advantages and disadvantages of each retirement income option available

WEALTH at work already work with many organisations to help employees understand income options at retirement, if you would like to learn more about this please contact us.

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Retirement Income Options Survey 2013

In the current economic climate and with recent pension legislation changes, more and more employers now see professional retirement planning for their staff as critical to their business. But what are their options? And, are your employees aware of and understand the choices available to them? The aim of this survey was to identify the approaches and opinions of a range of UK companies to see how, and if, they are recognising the growing need to support employees at retirement.

Please click below to see our survey results.

Retirement Income Options Survey Results 2013

 

If you would like further information on any of the issues raised, please do not hesitate to contact us.

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Rethink Retirement Survey Results 2012

In this ever changing financial climate ensuring your employees are aware of their retirement income options is more important now than ever.  The aim of this survey was to understand the approaches and opinions of a range of UK companies in response to these changes and whether support is provided to employees.

Please click below to see our survey results.

Re-think Retirement Survey Results 2012

 

If you would like further information on any of the issues raised, please do not hesitate to contact us.

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Rethink Retirement Survey Results 2011

With the various pension changes introduced recently, employees need to be made aware of the different retirement income options now available.  WEALTH at work recently conducted a survey to determine the approaches and opinions of a range of UK companies in responding to these changes, and whether enough support is provided to employees.

Please click below to see our survey results.

Re-think Retirement Survey Results 2011

 

If you would like further information on any of the issues raised, please do not hesitate to contact us.

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CSR Survey 2010

The valuable contribution employees make during their working lives is likely to contribute to the longer term prosperity of the companies for whom they work, but what can they expect in return?

WEALTH at work conducted a survey throughout May 2010 to determine the support available to employees in relation to financial issues commonly provided as part of an employee assistance programe.  The aim of this survey was to determine the approaches and opinions of the UK’s largest companies in relation to the financial well-being of their employees.

Please click below to see our survey results.

CSR Survey Results 2010

 

If you would like further information on any of the issues raised, please do not hesitate to contact us.