Only about 2 out of 5 workers are on track for a reasonably adequate retirement.
That’s according to Aon Hewitt’s The Real Deal—2015 Report. The report also found that the top three issues among workers were:
Recent research by Mintel has shown that financial angst is the biggest cause of stress for 40% of adults. And stress is the biggest cause of workplace absenteeism.
The combination of numerous decisions about money and saving, and the huge choice of what to do with it, is enough to unsettle even the more experienced savers. And an unsettled employee is a far less productive one.
If something can be done to head off your employees’ feelings of uncertainty before it becomes a real problem, it has to be better than the possible alternative outcome.
Plus, it’s likely that you will end up with much more engaged employees who really value working for your organisation, making you a real ‘employer of choice’.
We have identified 10 pillars within our financial education proposition where we believe we can support employers:
|1. Employee Surveys to help build a business case for funding a FEP programme||6. Award winning financial aggregation tools – Money|
|2. Focus groups to gain an understanding of your workforces financial education needs||7. Aon’s GPP – Bigblue Touch|
|3. Workforce segmentation initiatives to target your benefits communication programmes effectively||8. The Aon MasterTrust|
|4. Mapping out employee financial journeys||9. Guidance of Pension Taxation changes|
|5. Financial wellbeing and retirement seminars/roadshows||10. BBT4Life|
Aon Consulting Limited is authorised and regulated by the Financial Conduct Authority.