Cushman & Wakefield has introduced free financial advice sessions to help new staff better understand the company’s defined contribution pension scheme.
The amount the company contributes to the plan depends on employees’ seniority, while staff can contribute as much as they wish.
The sessions, provided by IFA firm Clarity, are also intended to stop employees opting for the scheme’s default fund because they don’t understand the options.
Ben Marks, associate director HR at the real estate company, said: "There are 50-odd funds that people can choose from and because we are not financial advisers we cannot offer any advice. As a one-off for new starters, we are saying, ‘you have got that benefit if you want to take it up’."
He added that the company wanted to take advantage of the £150 tax-free amount employers can spend per employee each year on financial advice. Existing employees can also opt for a session under the company’s new flexible benefits package.