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Friday April 18th 2014

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2.6 million Look to Employers for Help with Retirement Planning

Around 2.6 million people who have not yet retired are most likely to look towards their employers for help with asset allocation decisions around their retirement planning, research from Baring Asset Management has found. Representing an increase of 1.2 million people from the equivalent figure in 2008, Barings believes that employers are set to play an ever-growing role as a result of auto enrolment, in which most employees are automatically placed into their company pension scheme. Asked whose responsibility it is to ensure they fully understand the asset allocation of their pension fund, 14% of the people surveyed – equivalent to 5.2 million people – cited their employer, indicating that companies are experiencing increasing demand from employees to provide access to pension advice and retirement planning services according to a report at Silver Surf Today.