Three in 10 not using their company pension - Axa

clock •

Three out of ten employees do not join their company pension scheme even though their employer is willing to contribute, says research from Axa.

A study of employees suggests 28% of the 5.1m British workers have access to a company pension scheme are failed to join it or choose not to. This may be in part because evidence suggests 30% of those questioned do not know what the employer pays. This compares with a quarter (25%) of company pension scheme members are aware their employers pays between 5% and 10% of their salary into the fund and one in ten people receive over 10% of their annual salary into a pension pot. According to the study, 28% of British workers who have failed to join company pension schemes said nothing w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers urged to rethink role of traditional diversification

Advisers urged to rethink role of traditional diversification

Milliman publishes whitepaper

Sophia Panayi
clock 29 September 2026 • 2 min read

Active ETFs, ESG and the retirement advice challenge

Sarasin & Partners portfolio manager Ben Gilbert joins PA in the studio

Isabel Baxter
clock 05 June 2026 • 1 min read
Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read