Workers 'need pension help' to achieve better wealth management

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Workers 'need pension help' to achieve better wealth management /resources/news/wills-estate-planning-a-probate/1784-Workers-need-pension-help-to-achieve-better-wealth-management

Home > News & Resources > News > Wills, Estate Planning & Probate > Workers 'need pension help' to achieve better wealth management

Workers 'need pension help' to achieve better wealth management

UK employees should be provided with more assistance regarding their pensions if they are to achieve success with wealth management.

This is according to National Association of Pension Funds (NAPF), which carried out research and found that many people have no idea about what pension they will be entitled to.

Some 94 per cent of respondents said employers need to be clearer about pension arrangements when they are recruiting, with 22 per cent only finding out what their pension entitlements are after they had already started a job.

This is despite the fact that 41 per cent of people said a pension is the most important benefit that a business could offer on top of an ordinary salary.

NAPF chief executive Joanna Segars said she finds it astonishing that people are "sleepwalking" when it comes to pension arrangements.

"The UK faces a growing retirement saving crisis. Treating the workplace pension as an afterthought has serious implications," she warned.

According to DirectGov, the government is currently reviewing the current timetable for increasing the State Pension age from 65 to 66, but no decision has yet been made.
ADNFCR-2347-ID-800103897-ADNFCR