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Date: 20/07/08 
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Inflation

Retail Prices Index

May 4.3%
April 4.2%
March 3.8%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to April 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.1%


Source:
Office of National Statistics

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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.




Public sector workers will strike through into next week, unions revealed yesterday. Find out more>
Up to 40 per cent of final salary schemes in the UK are expected to close to existing members over the next decade, it has emerged. Find out more>
Over £2 billion worth of pension credits will go unclaimed this year, new research has found. Find out more>

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