Employees feel more positively towards their workplace pension schemes than they did three months ago.
Employees feel more positively towards their pension schemes than they did three months ago.
The importance of a good workplace retirement savings scheme to employees has been highlighted by a new survey.
The National Association of Pension Funds (NAPF) found that 34 percent of workers see pensions as the single most important benefit from an employer behind take-home pay. This is a higher proportion than those who saw bonuses and holidays as most important.
Almost half (47 percent) of employees who do not currently have access to a pension at work said that the existence of a pension scheme they could pay in to would improve their loyalty to an employer.
The Confidence Index, which is taken by the NAPF each month in order to find out workers' feelings towards pensions, was also revealed to have risen slightly over the last three months.
NAPF chief executive Joanne Segars, said: "Confidence in pensions is better than it was a year ago. But the current economic environment means that whilst employee confidence in pensions remains positive, it is also very fragile. No matter how long and deep the recession, we still need to provide for old age."
The NAPF also found that 39 percent of poll respondents feel that pension plans are the "best way" to save for retirement. By contrast, just 20 percent said that they thought property was the best way, following recent falls in house prices.
