More than half (55%) of respondents do not offer their staff support at retirement, according to the Employee Benefits/Close Brothers Pensions research 2014, which surveyed 216 respondents in September 2014.
However, the majority of respondents (93%) that do offer staff support have a comprehensive communications campaign in place for staff at retirement.
Almost as many respondents (91%) offer staff access to financial advice, according to the 87 respondents that offer their workforce such support.
Equally encouraging is that all respondents that offer staff support at retirement offer a wide range of support, with 90% offering all staff access to information via their intranet site and offices, 74% offering workplace retirement seminars and 73% offering staff access to an annuity service through their pension provider(s).
But respondents believe that employees most value access to information via their employer’s intranet site and offices, with 31% of respondents claiming that this option is taken up by more than 80% of their staff. This is followed by workplace retirement seminars (21%), access to financial advice (20%) and access to an annuity service through their pension provider(s).