26th November 2018
We recently conducted a survey amongst employers to investigate what workplace support is available to help employees understand how to make the most of their finances throughout their career, in order to optimise income at-retirement.
Please click here to view the results.
Key findings include:
- 80% of employers believe their employees are not saving enough for retirement
- 33% of employers confirmed that if employees do not select an investment glide path, the default investment option will be targeted towards annuity purchase
- 61% of employers believe that employees are unaware of the risks they face when accessing their retirement savings
- 71% of employers do not provide a full retirement income service for employees at-retirement
Employers are beginning to recognise the need to support employees as they plan how to generate income at-retirement but there is still much more that can be done.
For more information, please contact us.