Firms are failing to give staff adequate pensions guidance, JPMorgan Invest has warned. Its survey of FTSE350 companies found fewer than one-in-20 had their own active education programme in place, while a third failed to explain the full selection of retirement options to staff.
One-in-five (21pc) continued to focus solely on annuities, which seriously limited the choices available at retirement, said the firm. The research also found firms relied heavily on passive in...
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