Expert claims young people make use of workplace pensions

27-01-2009

Expert claims young people make use of workplace pensions
In the opinion of one expert, it is "a myth" that young people do not take advantage of workplace pensions.

According to the National Association of Pension Funds (NAPF), many younger employees are beginning to realise that they need to start saving if they want to live comfortably in their retirement, even if it is a long way off.

However, the organisation did raise concerns that workers' confidence in pension plans has fallen.

Mark Brookes, a spokesperson for the NAPF, said: "The important thing is, especially with the increasing use of defined contribution pension schemes, younger people have as much information as possible so they can make informed decisions."

A recent survey conducted by the body revealed that the economic downturn in the UK has affected people's opinions regarding pensions.

Of the schemes surveyed, 96 per cent believed that the economic crisis has made the closure of defined benefit schemes more likely.

Related categories: HR / Recruitment.


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

See also:

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure