Just under half (46%) of respondents would like their employer to offer financial education support, according to research by Equiniti.
Its survey of 6,700 savers and investors from Equiniti’s client base, also found that 49% of respondents feel that their employer does not do enough to support informed financial decisions on savings and investments.
The research also found:
- 50% of respondents first acquired shares through a workplace share scheme.
- 58% of respondents do not save or invest as much as they would like to.
- 19% of respondents cite uncertainty about what steps to take next as the reason for not saving or investing as much as they would like to.
Phil Ainsley (pictured), managing director of employee services at Equiniti, said: “Of the people we surveyed, many of them got into investing through their employer when they joined a [workplace] share plan.
“It shows that these schemes are a valuable gateway to saving and creating wealth for the longer term for many employees and, coming from the same source as their salary and pension, it’s unsurprising they look to their employer for further guidance.”