17 July 2006
UK companies remain committed to providing pensions for staff
despite the continuing high costs, according to a major new survey
published by the CBI and Mercer Human Resource Consulting.
The survey shows that the burgeoning level of contributions
companies are making to Defined Benefit (DB) pensions is having a
significant impact on the money businesses have available to invest
for the future and is hitting profits.
Despite this, the latest survey of 355 CEOs, chairmen and senior
board members - between them employing 900,000 staff - reveals that
over three-quarters are committed to providing an occupational
pension scheme. Eighty-six per cent of employers want to see staff
reach retirement with adequate savings and 81 per cent believe a
company should play a part in raising understanding of the
importance of planning for retirement.
