Financial education in numbers

A round-up of the key facts and figures relating to financial education in the workplace:

  • 49% of employee respondents feel that their employer does not do enough to support informed financial decisions on savings and investments (Source: Equiniti)
  • 38% of UK employee respondents who work at an organisation with a financial education programme are likely to be very or extremely engaged in their organisation (Source: Thomsons Online Benefits)
  • 60% of UK employee respondents believe their employer should provide access to financial education to help with retirement planning (Source: Capita Employee Benefits)
  • 19% of employer respondents have introduced, or will introduce, financial education in response to pensions auto-re-enrolment (Source: Employee Benefits/Close Brothers)
  • 35% of employee respondents feel that a lack of knowledge or information affects their confidence when making saving decisions (Source: Willis Towers Watson and Nottingham University Business School)
  • 65% of employee respondents do not feel they have a good understanding of how workplace pensions are taxed (Source: PricewaterhouseCoopers)