10 March 2010
According to a National Association of
Pension Funds (NAPF) survey only a third of working people believe
that their occupational pension will give them enough money in
retirement. The result was part of the NAPF's Workplace Pension
Survey.
The research also examined what steps would encourage people to
increase pension provision. Of those surveyed 27% said they would
be more confident in pension saving if guarantees would be given to
the return that they receive and they would not lose any of the
money paid in.
Many respondents (44%) respondents still said that a pension was
the best way to save for retirement. This was well ahead of
property, on 18%, and well ahead of any other form of saving.
Pension schemes were also considered the most important employee
benefit in addition to salary that an employer can offer
The NAPF's Director of Policy, Nigel Peaple, said:
"It is clear that people greatly value pensions. They consider
pensions to be the best way to save for retirement - far ahead of
property - and over three quarters value an employer more if they
offer a workplace pension.
"People want their pension to provide them with certainty, in
particular they want to be sure they won't lose money. This issue
of how best to invest pensions will be examined at our Investment
Conference this week."
More details on the NAPF's Workplace Pension Survey can be found
here:
http://www.napf.co.uk/policy/research.cfm
