The Platforum has teamed up with Employee Benefits to find out which workplace savings platform is the best in the market.
If you are an employer which offers your staff a workplace savings platform, or an adviser which recommends them to employer clients then we would like your vote.
Voting closes 5pm on 21 February 2013.
According to The Platforum, in the last quarter of 2012, the workplace savings platform market was valued at £1 billion, with 218 employers having adopted a platform, and 168,000 employees using one.
Uptake and engagement remain key challenges with take up of corporate individual savings accounts (Isas) still typically between 2.5% and 7.5% of employees.
Despite these challenges, the 10 providers in the market report positive pipelines and in last week’s analyst briefing, Hargreaves Lansdown reported £222 million in Corporate Vantage, an increase of 67% over the last three m.
Nearly half (47%) of those employers adopting a workplace savings platform have closed an existing defined benefit (DB) or defined contribution (DC) pension scheme as they make the transition.
Although a small market today, the pipeline of future business does point to growth. As more employers take a look, feedback from existing customers is vital.
This is partly why The Platforum is asking all employers and advisers with experience of a workplace platform to tell us which one you think is the best.
Voting closes 5pm on 21 February 2013.
Results will be announced on 28h February. All voters will be entered into a draw and the winning adviser or employer will receive a free copy of The Platforum’s Workplace savings guide which has a list price of £3,000.