Employers need responsible outlook on pensions

More
than half of all workers believe their employer should be responsible for
ensuring adequate provisions for retirement, a study has found.

In
a poll of 1,000 workers, 54 per cent said that employers should be responsible
for retirement income.

Of
the 43 per cent that were concerned about retirement funds, more than three
quarters said they were prepared to increase their pension contributions.

However,
only 53 per cent were prepared to delay retirement to increase their pension
income and only 22 per cent would even consider working until 70.

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Employees
questioned in the study by consultants Hewitt Bacon & Woodrow were also
loath to lose other benefits such as company cars, holidays or childcare to
supplement pensions.

By Ross Wigham