CLICK HERE TO DOWNLOAD YOUR COPY OF THE BENEFITS EXPERT GUIDE TO HELPING EMPLOYEES SAVE
The number of employees saving into non-pension workplace schemes has grown significantly in the past two years.
Exclusive data, published in the Benefits Expert Guide to Helping Employees Save, shows that the number of people saving into three major schemes has risen substantially.
People saving in workplace Isas increased by 33.7 percent and 48.1 percent in the two largest workplace Isa schemes, while a third scheme added more than 10,000 savers to its books, growing 75 percent in just three years.
There are many reasons more people are recognising the value of short to medium term saving, but the shift has, in part, been driven by ongoing economic uncertainty and the tough experiences of the cost of living crisis.
Many employers recognise the benefits of workplace financial wellbeing, such as reducing financial stress, which in turn supports better health and wellbeing and boosts employee productivity.
In the past year, Asda and the Co-op both introduced workplace savings schemes to support financial wellbeing.
There are, of course, many different ways to run a workplace savings scheme.
The Benefits Expert Guide to Helping Employees Save examines the different types of non-pensions savings, from Isas to savings sidecars, what employers need to consider when selecting a scheme and the benefits of these schemes for employees and the business. We also look at the innovations that are happening right now and what could be coming next.
CLICK HERE TO DOWNLOAD YOUR COPY OF THE BENEFITS EXPERT GUIDE TO HELPING EMPLOYEES SAVE
