Educating and informing working Brits on pensions is crucial if the country is going to reverse a 60/40 ratio of state to private retirement provision and close the current savings gap, research indicates.
As part of initial research from Winterthur Life , the pension specialist has revealed one-to-one consultations with employees resulted in a 26% increase in take-up to pensions schemes, as opposed to 16% following group presentations. Added to this, two out of three employees attending one-to-one consultations with their company pension scheme provider did not need further advise following the meeting. Winterthur Life says worksite marketing and education, including active workshops and one-to-one consultation has added great value to take up of DC schemes. Officials at the life insure...
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