UK companies not providing financial education

More than half (52%) of companies do not provide any financial education to their employees despite half of employees requesting access to it, according to a new survey. The research was carried out on behalf of employee benefits adviser Secondsight.

The need for financial education would appear to be urgent as the vast majority of employees have no plan to provide for their future. Less than 20% have a solid financial plan in place and only 38% have a vague idea about how to manage their money. Most employees also have no idea how much their pension is worth, with only 11% knowing how much they will retire on.

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