UK - Seven out of 10 employees would prefer to work for a firm which offers a choice of benefits rather than a fixed package, a new survey shows.
Research by youatwork – Royal & SunAlliance’s employee benefits arm – shows that employers who fail to meet the changing demands of today’s workers could face a skills shortage.
The survey also found that 63% of workers would like more control and choice over the benefits they are offered.
This figure rose to 69% for workers in the Greater London area, but fell to 49% for workers in the East Midlands.
Youatwork managing director Gerry Callaghan said: “While employees still want the comfort of benefits, which will be realised in the long-term, there is increasing demand for material incentives that reflect individual lifestyles.
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.
It has again been suggested self-employed workers could enjoy pension provision through the tax return process. James Phillips explores the latest proposals.