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.