Over three quarters of UK adults (77.5%) said that the recent Coronavirus pandemic made them realise the importance of having savings to fall back on, according to a recent survey.

The survey of 3,000 adults in the UK by workplace savings specialist and fintech Cushon, found that 73% of those surveyed said that while having a pension and saving for the future was essential, having easily accessible savings is now equally as important.

Nine in ten (91%) employers surveyed for the research said that their employees had woken up to the importance of having a savings pot to help with unexpected events.

A similar number of employers (92%) said they would consider setting up a workplace savings scheme to help foster better savings habits in addition to a pension scheme.

Over half (57%) of employees surveyed said if their employer set-up a workplace savings scheme which they could pay into directly from their salary and they could afford it, they would take up the offer.

Cushon‘s Financial Resilience research survey was conducted amongst 2,000 individuals and 1,000 HR managers in May 2020.