Over 60 per cent of employers do not offer retirement support
Friday, 13 July 2012
Nearly two-thirds (64 per cent) of employers do not provide tailored retirement support to workers, research shows.
Aviva's Real Retirement Report discovered that 36 per cent of British staff over the age of 55 received support for when they finish their career, with 70 per cent of them finding the assistance useful.
As well as this, almost a quarter (23 per cent) claimed that the support played a key role in planning their retirement, whereas 16 per cent suggested that it was the most important aspect of their financial planning.
Clive Bolton, At Retirement director at Aviva, said that such assistance could boost employee motivation.
"Employers that do not offer tailored retirement support to explain the options available, such as part-tirement, could find they are giving up on valuable employees with years of experience and knowledge," he continued.
Due to the financial constraints present in the market, retirement is even more challenging for workers, which is why any available help could be so beneficial.
