Quarter of workers willing but unable to save - research

Carmen Reichman
clock

More than a quarter of workers are keen to save but say they are financially unable to put money away on a regular basis, research has suggested.

A recent survey found two-thirds of workers have made no future financial plans, while 81% say they face financial challenges. The findings contributed to a worrying trend of a "long term savings gap which threatens to become a financial time bomb", technology provider Equiniti said. Polling about 1,200 employees earlier this year, the firm found 63% of the working population had made no financial provision for their future, with about a third making regular savings and 5% regularly investing. The findings appear to contradict separate research in July suggesting national savings l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Employee Benefits

Taylor Wimpey adopts SimplyBiz's Zest employee benefits platform

Three-year contract

Julian Marr
clock 28 January 2019 • 1 min read

Employers proactive as workplace mental health issues rocket

Aon Employee Benefits research

Adam Saville
clock 01 February 2018 • 2 min read

85% more likely to work for employers with clearly labelled benefits

Canada Life research

Victoria McKeever
clock 15 December 2017 • 3 min read