Companies believe the responsibility to deliver financial education to their employees sits firmly with the government, research has found, with only 3% of employers recognising that financial advisers might be involved in the process.
The research, conducted by independent financial and corporate adviser Chase de Vere in conjunction with research company Lightbulb, involved the analysis of 2,500 business records, which were deemed representative of the UK company population, followed by interviews with the decision-makers in 300 randomly selected businesses. Nine out of 10 respondents (88%) recognised the importance of financial education in the context of greater freedom to access pension funds. Despite this perceived need, however, two-thirds (65%) put the responsibility of actually delivering it on the Government, ...
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