Many traditional flexible benefit schemes have become complex and unwieldy. Nick Martindale looks at how providers are evolving to simplify products and better meet employee needs.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Some 88% of employers are concerned about the financial issues their employees are struggling with, but only half have a wellbeing strategy, according to research.
Almost seven out of ten (68%) of employers report employee stress and mental health-related illness, Aon Employee Benefits research reveals.
Workplace pensions should be supplemented with other savings vehicles if employees are to save adequately for retirement according to an industry panel.