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Many staff still in the dark over firms’ pension plans

first_img Previous Article Next Article Many staff still in the dark over firms’ pension plansOn 16 Oct 2001 in Personnel Today Four out of 10 people who work for firms that are obliged to makestakeholder pensions available to their staff have heard nothing on the subjectfrom their managers. Research by the Prudential shows that 40 per cent of people working fororganisations with more than five staff have not been told about stakeholderplans by their employers even though the 8 October deadline has passed. According to the study nearly 30 per cent of employees are planning to payinto a stakeholder pension, and of those nearly half expect their employers tocontribute to the scheme. Andy Briggs, director of pensions at the Prudential, which interviewed 576people, said employers need to ensure staff are up-to-date on their stakeholderplans. “People should be pestering their bosses to find out what they havedone about stakeholder – it may be that its either slipped their mind orstakeholder designation is languishing in the to-do list,” he said. “We understand how busy life can be for bosses, but it’s time to callstaff meetings and let employees know about the scheme they have and whether itwill be making any additional contributions to employees’ pensions.” Comments are closed. Related posts:No related photos.last_img read more

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