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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 last 12 months have proven to be a very painful time for pension funds in Ireland, according to an investment consultant service's research this week.
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In response to a worsening situation on the high street, major retailer Marks & Spencer (M&S) has announced 1,200 job cuts and big changes to the current final salary pension scheme they offer.
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The value of the hours of unpaid overtime in the UK is £26.9 billion, according to the Trades Union Congress (TUC).
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