EXCLUSIVE: Less than two-fifths of organisations offer financial education to employees

offer financial education

EXCLUSIVE: The number of organisations offering financial education to all staff has reduced slightly this year, dropping from 41% in 2017 to 36% in 2018, according to research by Employee Benefits and Barnett Waddingham.

The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, found that, despite the reduction this year, this result was still part of an overall positive trend, as it showed an increase on the 32% that offered financial education to all staff in 2015.

A further positive indication, albeit a relatively passive one at this time, is that the proportion of respondents who have no plans to offer financial education in the future has decreased by six percentage points this year, while the response that organisations are considering offering it has taken the second to top spot, rising from 18% to 26%.