Workers demand A-Day guidance from employers

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Over three-quarters of workers want employers to offer more education on financial matters, starting with guidance on the A-Day changes, claims JPMorgan INVEST.

Research carried out by the company suggests around 3.3m workers could miss out on up to 66% extra cash in their old age because they don’t understand the benefits of the planned pension reforms, which could allow them to increase the funds available to them after A-Day. JPMorgan INVEST says 68% of those in full-time employment have no idea what A-Day is, with one in 10 believing it to be a proposed new bank holiday, a new EU directive or a day when people were encouraged to stop drinking. The reason for this “pension blind spot” is attributed by 46% to the over-complicated financial ja...

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