Few employers helping workers with financial advice - Chase de Vere

One-in-three have appetite to pay for advice

Tom Ellis
clock • 1 min read

The majority of employers understand the benefits of financial advice for their employees, according to research by Chase de Vere, but just one-in-three (33%) are willing to pay to facilitate it for their workers.

The national advice firm found four-fifths (83%) of employers recognise financial advice is something their employees would value and benefit from, but one-in-three (33%) have the appetite to pay for it. Chase de Vere said the study, conducted alongside research firm Lightbulb, involved 10,000 phone calls to employers and a further 300 in-depth interviews with "senior HR decision makers". While one-in-three had an appetite to pay for employees' advice fewer employers (27%) anticipate doing so by including a cost for financial advice for their employees in their 2018/19 budget. This is...

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