Fewer than one in five (17%) employees have factored the cost of long-term care into their retirement planning, research by professional services consultancy firm Barnett Waddingham has revealed.
With employees reporting that they are increasingly concerned about their finances, we asked whether HR should offer employees saving account benefits.
The number of people not saving enough for a minimum retirement lifestyle has increased by 1.2 million people (3%) in the last year, a report from pensions provider Scottish Widows has revealed.
The government should introduce auto-enrolment (AE) saving schemes to help more people save, the Resolution Foundation has urged.
Economics research institute The Institute of Fiscal Studies (IFS) has reported almost a fifth of working-age private sector employees (around 3.5 million people) do not do any pension saving each...