Employers are still falling short of encouraging employees to sign up to company pension schemes, research from Age Concern indicates.
The charity found a shortage of information and limited opportunities to join schemes are obstacles preventing many workers from maximising their savings for retirement. Some 30% of non-members questioned said they had only been asked once since joining their respective companis whether they wanted to join a scheme. One employee reported a wait of three years before being entitled to join a scheme. Age Concern has called for employers to automatically enrol staff, providing them with the option to then actively ‘opt out’, while also encouraging people to join occupational schemes ...
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