Pensions may be superseded by other forms of workplace savings

Jonathan Watts-Lay, director of corporate wrap providers WEALTH at work views broader opportunities for wraps in bringing together all of an employee’s benefits on a single platform, as a total reward offering. ‘Employers are looking to combine traditional benefits such as childcare vouchers and medical benefits, with work-place savings vehicles such as pensions, share schemes, and ISAs,’ he says.

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