Workers fail to grasp 'complex' company pensions

This is a 73% drop on last year, the research adds. Mellon, says this figure is set to decrease further, as 67% of employers are not confident about the future of employer-sponsored pensions. Respondents feel this is due to a lack of understanding on the part of their employees, and the complex nature of the schemes, despite the large amount of work on legislative changes to promote such schemes. Nearly half of employers questioned feel their employees do not understand pension schemes. This mirrors previous Pensions Commission research suggesting 44% of people claim a good understa...