Previous Polls Results

Do you think it’s becoming increasingly important to have a financial wellbeing strategy in the workplace?Do you believe that employees understand the tax rules when withdrawing money from their pension?Do you believe that employees with a defined contribution scheme should be defaulted into a decumulation pathway at-retirement without financial guidance?Do you provide a guidance service on financial issues such as pensions and retirement income options for your employees?Will you provide access to the proposed Lifetime ISA through your reward packages?Do you believe your employees save more when workplace savings options are offered?Do you believe the Lifetime ISA is the start of the drift from pensions to ISAs in the workplace?Do your employees know how much they should be saving into their pension to get a good retirement income?Following pension changes, will there be an increased requirement for specialist advice at retirement?What will be the impact of legislation changes on existing pensions? Will any of the following support be taking place within your organisation?Do you believe your employees are saving enough for retirement?

tax rate poll

WEALTH at work recently conducted a poll* to determine employers’ opinions on financial wellbeing in the workplace.

The results show that 90% of respondents believe that it’s becoming increasingly important to have a financial wellbeing strategy in the workplace.

If you would like more information on any of the issues raised, please contact us.

*Statistics quoted are from a poll carried out on the ‘WEALTH at work’ website from February until May 2019. The poll asked, ‘Do you think it’s becoming increasingly important to have a financial wellbeing strategy in the workplace?’ and received 50 responses.

tax rate poll

WEALTH at work recently conducted a poll* to determine whether employees understood tax rules when withdrawing money from their pensions.

The results show that 91% of respondents believe that employees do not understand the tax rules when withdrawing pension funds.

If you would like more information on any of the issues raised, please contact us.

*Statistics quoted are from a poll carried out on the ‘WEALTH at work’ website from December 2018 until February 2019. The poll asked ‘Do you believe that employees understand the tax rules when withdrawing money from their pension?’ and received 70 responses.

financial guidance poll

WEALTH at work recently conducted a poll to determine if employees thought that employees with a defined contribution scheme should be defaulted into a decumulation pathway at-retirement without financial guidance.

The results show that 86% of respondents believe that employees should not be defaulted into a decumulation pathway at-retirement without financial guidance.

If you would like more information on any of the issues raised, please contact us.

guidance service poll results

WEALTH at work recently conducted a poll to determine whether employers provide a guidance service* on financial issues such as pensions and retirement income options for their employees.

The results show that 51% of respondents provide a guidance service on financial issues for their employees. To find out more about the benefits of guidance in the workplace please click here.

If you would like more information on any of the issues raised, please contact us.

* By guidance we mean a one to one conversation which helps employees clarify elements of their financial situation either in the workplace or telephone support, and not regulated advice were specific recommendations are made.

Lifetime ISA poll results

WEALTH at work recently conducted a poll to determine whether employers will provide access to the proposed Lifetime ISA through their reward packages.

The results shows 58% of employers that responded will not provide access to the proposed LISA through their reward packages.

If you would like more information on any of the issues raised, please contact us.

workplace savings options

WEALTH at work recently conducted a poll to determine whether employers believe their employees save more when workplace savings options are offered. (This could include workplace ISAs, SAYE/ SIP schemes and pensions.)

The results shows 90% of respondents believe their employees do save more when workplace savings options are offered. To see comments about what this could mean for employers and employees, please read our news post.

If you would like more information on any of the issues raised, please contact us.

Lifetime ISA

WEALTH at work recently conducted a poll to determine whether employers believed if the Lifetime ISA (LISA) was the start of the drift from pensions to ISAs in the workplace.

The results shows 68% of respondents believe that the LISA is the start of the drift from pensions to ISAs in the workplace. To see comments about what this could mean for employers and employees, please read our news post.

If you would like more information on any of the issues raised, please contact us.

poll3

WEALTH at work recently conducted a poll to determine whether employees knew how much they should be saving into their pension to get a good retirement income.

The results shows only 18% of respondents believe that their employees know how much they should be saving into their pension to get a good retirement income. The findings indicate that many employees are not getting the financial support they need to enable them to make informed decisions around their retirement.

If you would like more information on any of the issues raised, please contact us.

Poll 4

WEALTH at work recently conducted a poll to determine whether or not there will be an increased requirement for specialist advice at retirement.

The results show that 67% of respondents believe that there will be an increased requirement, which is an increase from the 60% reported in the Rethink Retirement Report survey results. Such specialist advice will be essential if employees are to make appropriate decisions, given the irreversible nature of annuities and the complexity and risk associated with drawdown pension.

If you would like more information on any of the issues raised, please contact us.

It should be noted that often the percentages are rounded up or down to the nearest one percent. Therefore, occasionally, figures may add up to 101% or 99%.

What will be the impact of legislation changes on existing pensions?

WEALTH at work recently conducted a poll to determine what sort of support is provided to employees.

The results shows 57% of participants believe employers will provide written communications.

This is an increase from the 39% reported in the Rethink Retirement report survey results. However, it states that 85% will provide some sort of support through a combination of communications and/or financial education and/or advice.

If you would like more information on any of the issues raised, please contact us.

It should be noted that often the percentages are rounded up or down to the nearest one percent.  Therefore, occasionally, figures may add up to 101% or 99%.

WEALTH at work recently conducted a poll to determine whether organisations believe their employees are making sufficient retirement savings.  The results show 71% of participants believe their employees are not saving enough for retirement.

This is an increase from the 58% reported in the Rethink Retirement Report survey results.

If you would like more information on any of the issues raised, please contact us.

It should be noted that often the percentages are rounded up or down to the nearest one percent. Therefore, occasionally, figures may add up to 101% or 99%.

Also in this section

Latest News

The changing DB transfer market.

The changing DB transfer market.

20th November 2019

Jonathan Watts-Lay, Director, WEALTH at work, joins PMI to discuss recent changes surrounding DB transfers.

Tips for employees to avoid getting into debt this Christmas.

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5th November 2019

Top ten tips for employers to share with their employees on how they can avoid debt this festive season.

Less than one week to go until new pension ‘wake up packs’.

Less than one week to go until new pension ‘wake up packs’.

29th October 2019

Pension providers have been told they have to significantly reduce the size of the 'wake up packs'.