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Employees want better financial education from employers

The research also revealed three-quarters of employees, or 73 per cent, expected their employer to provide “tailored, detailed guidance” on the benefits they offer, and how appropriate each benefit might be to them and their family.

Alex Tullett, head of benefits strategy at Capita Employee Benefits suggested: “Employees expect context, they want benefits to be relevant to their circumstances, and this means benefits need to be targeted to the end user, not just ‘catch-all’. 

“Simply increasing the number of benefits to an employee’s reward package risks missing the point.” 

eleanor.duncan@ft.com