Our research of UK wide employers shows that 76% think that financial education should be rolled out to all staff.
This research shows that 81% of employees would like financial education from their employer but only 46% have ever received workplace financial education.
This shows almost equivalent demand from employers and employees for financial education and much scope to increase its provision in the workplace.
The best financial education delivers benefits to individual employees as well as to the employer, via improved engagement, increased financial wellbeing, a better understanding and use of workplace benefits and acquisition and retention of talent.
More than eight in ten (81%) respondents would like personal finance help from their employer, according to research by the Open University Business School (OUBS) and Share Radio. The survey of 3,040 employees also found that 64% of respondents have never received financial education. The research also found: A third (33%) of respondents say financial education would help them plan their financial future, and a quarter (25%) believe it would boost their understanding of their pension. 26% would like their employer to provide them with access to one-to-one financial education sessions, while 22% favour free financial courses. Just 7% receive financial education from their employer.