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Pru plea for employers to boost financial planning

Almost three-quarters of retired people did not seek help with their financial planning before to their retirement according to a survey from Prudential.

The survey of 268 adults aged 45 or over who planned to retire in May found that 72 per cent did not seek financial advice.

Pru is calling upon employers to offer more personal finance assistance to employeers and urges employers to encourage their staff to plan ahead and review their finances regularly. It allows its 7,000 staff a financial planning day off work each year to review their personal finances.

A survey of a further 576 non-retired adults found that 45 per cent would like to retire abroad but only 22 per cent think they can make their dreams reality.

Prudential UK business-to-business director Dave Harris says many people would welcome learning about financial matters in the workplace and it is vital that British business makes this available.

He says: “With careful planning and the help of employers, we can all work towards securing a more comfortable retirement and relieve the pressure of wondering how we will cope.”

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Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

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