Widely different attitudes to pensions savings mean employers and employees are "sleepwalking into a retirement disaster", new research from BlackRock suggests.
Less than half of private sector employees view pensions as the best way to save for retirement. This is in contrast to the view of employers who consider pension provision a core part of their reward packages. Charles Cotton, CIPD Chief Reward Adviser, says: "Many employees are planning to rely on downsizing their home, family hand outs or government to support them in retirement, while many employers will face the prospect of trying to motivate an older workforce who are simply soldiering along because they cannot afford to retire." Confusion about how much to save is another key is...
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