A recent survey uncovered that UK employers are struggling to keep up with employee demand for financial wellness support1.
This is particularly poignant in light of the OECD issuing a warning over increasing household debt and against a backdrop of stagnant wage growth and escalating inflation.
Employees are looking to their employers for support in achieving their personal financial goals.
Over 40% of employees would appreciate greater employer support towards saving for a holiday and buying a house, yet just 12% and 4% respectively feel that they are supported by their organisations to reach these goals.
It’s then not surprising to see that only 10% of UK employers currently have a financial wellness strategy in place.
While almost all employers offer pensions plans and life assurance, very few offer the kind of support that can improve employees’ current financial situations.
42% of employers expressed concern over the risk of getting too involved in employees affairs1
Based in the Euston Tower, the Ablestoke Group is a team of like-minded people determined to create an opportunity for their clients, employers and their employees. With young, bright and highly qualified advisers, the Group can deliver the best in financial planning services for all clients.
Trusts, tax and estate planning are not regulated by the Financial Conduct Authority. Auto enrolment is not regulated by the Financial Conduct Authority.
1 Source: employeebenefits.co.uk research – Dec 2017
A recommendation from our accountants, Ablestoke have been involved in advising our individual directors with regards to their pension needs. It has been a pleasure working with them. We have been more than happy with the service and would not hesitate to recommend them.Martin Brudnizki - Owner
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