Pensions reform: What public sector workers really think

Jonathan Stapleton
clock

Public sector workers' resistance to pension reforms stems from a misunderstanding about how the changes will affect them, Hymans Robertson research claims.

The consultancy canvassed the views of 2,000 public sector workers in May to find out their views on government pension reforms. It found workers were resistant to reform but did not understand what the changes meant. Hymans Robertson warned better communication was urgently needed to avoid failure of the reforms. The key findings of the survey were: Only 11% of public sector workers accept reform and one in three do not believe the reforms will work One in three have not heard of Hutton's review of public sector pensions and three quarters do not know how the changes wi...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •