Pension schemes more attractive to public sector

Public
sector staff are more likely to join company pension schemes, research has
found.

A
study by the Chartered Institute of Personnel and Development and Taylor Nelson
Sofres of 449 staff in February, found two-thirds (66 per cent) of respondents
from the public sector were signed up to one.

This
fell to 45 per cent among manufacturing/production staff, and to just 38 per
cent for respondents from the service sector.

The
degree to which workers trust their employers with their pensions also varies
between sectors. More than nine in 10 public sector staff (92 per cent) say
they trust their employer with their pension, compared with 73 per cent of
those in manufacturing/production.

Despite
these concerns, the study also shows that two-thirds (64 per cent) of those
surveyed consider a good pension scheme to be as important as a good salary.  www.cipd.co.uk

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