Despite this being about pensions - an area that is renowned for being something of a mystery to most - the good news is that some employers are reporting that their staff have a good understanding of the reforms - albeit only 18%, whilst others report their staff as having a limited understanding (52%).
The base message here is that, 7 months after the biggest change to pensions in 100 years, there is still a lot of opportunity to help more employees to understand these reforms, what they mean for them as individuals and the choices that they need to make.
Financial education programmes provide a simple, efficient and effective way to deliver these messages.
The reforms, which came into force in April 2015, give pension scheme members over the age of 55 greater freedom in how they can access their pension savings. Further changes around lifetime and annual allowance limits are due to come into effect in April 2016. Around half (51%) of respondents say staff have demonstrated a partial understanding of the reforms, 18% believe employees have shown a good level of understanding and 18% report a poor level of understanding.