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04-Mar-08 11:10 [Pensions]
Workplace pensions 'important to workers' A workplace pension remains central to the benefits package offered by an employer, a new report claims.
The National Association of Pension Funds (NAPF) conducted a survey of workers and found that 75 per cent believe that it is "important" that a job comes with a pension.
Additionally, 49 per cent of respondents said that they would feel greater loyalty to a company if they offered a workplace pension.
Joanne Segars, chief executive of the NAPF, said: "Today's workers still value pensions as a fundamental part of their employment package and believe they remain the best way to save for retirement."
There is a "clear message" to employers that offering a workplace pension is "rewarded by increased employee loyalty", she added.
Earlier in the year, the NAPF reported that 87 per cent of defined contribution pension scheme experts believe that employees seek pensions advice from their employers.
Ms Segars said that workers want "in-depth information" about such financial issues.
The use of company pension schemes is "vital" if a person wants to enjoy a top standard of living upon retirement, it has been stated.
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A recently-published study has noted that employee happiness is more dependent on a person's wage in relation to contemporaries and workmates than absolute pay.
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Final salary benefit pension schemes are to see a greater fall soon, with a growth in scheme closures to existing members as large employers look to lose their remaining liability, it has been revealed.
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