Financial education in numbers

Clare Bettelley rounds up facts and figures relating to financial education over the past year to highlight the issues and trends affecting employers and their workforces.

Education in numbers
  • 52% of employers do not provide financial education for employees (Source: Secondsight, October 2014)
  • 55% of employers do not offer staff support at retirement (Source: Employee Benefits/Close Brothers Pensions research 2014, November 2014)
  • 43% of respondents say 90% or more of their employees are active pension scheme members (Source: Employee Benefits/Close Brothers Pensions research 2014, November 2014)
  • 6% of UK staff are on track for their retirement income (Source: Aegon UK Readiness report, November 2014)
  • One in four employees do not know how much they pay in to pensions (Source: Scottish Widows pensions report, October 2014)
  • 23% of employees are saving the most they can afford for retirement (Source: UK Retirement savings map , Friends Life, October 2014)
  • 3.4 million Britons rely on their employers for retirement advice (Source: Baring Asset Management, September 2014)
  • 39% of employees do not have a financial plan for retirement (Source: Retirement readiness survey , Aegon UK, August 2014)