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Third of workers want IFA help over benefits

A third of UK workers want employee benefits communicated to them by IFAs, according to a survey by Origen.

The research shows that 18 per cent of staff would prefer to have benefits explained in group presentations by advisers and a further 17 per cent want face-to-face meetings with IFAs on their own.

Pension specialist Mark Stopard says that compared with the fraction of the UK workforce getting independent advice, these figures show that demand for IFAs in the workplace is high.

The research shows that only 20 per cent of employers show how much all their company benefits are worth in monetary terms.

Sixty per cent of workers said a good employee benefits package would attract them to a new job and 63 per cent said a good benefits deal would influence their decision to stay with a firm.

Employers were more positive about the value of a good employee benefits package, with 81 per cent saying they thought that a good package attracts high-quality staff.

Improving communication was seen by 78 per cent of employers as the way to improve their staff&#39s understanding of benefits, with 19 per cent wanting financial incentives to provide access to external advice.

The survey by market res-earch company Incomes Data Services is based on resp-onses from 509 UK comp-anies and 791 workers.

Stopard says: “When you compare the number of people wanting advice with the number receiving it across UK plc, it shows the demand for IFAs&#39 services in the workplace. This is encouraging for our sector.”


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