Pension confidence returns - Pensions - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Pension confidence returns

Pension confidence returns

Category: Pensions

Updated: 21/04/2009
First Published: 21/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Confidence in pensions is returning but rebuilding that trust must remain a priority for 2009, according to the National Association of Pension Funds (NAPF).

The NAPF Pensions Confidence Index has risen from +3% to +7% over the last 12 months and is up from a low of just +1% in December last year.

In addition, more than a third of employees continue to consider pensions to be the most important benefit their employer can offer on top of their basic salary, ahead of bonuses and holidays.

By comparison, flexible working hours and bonuses have declined in popularity.

"Confidence in pensions is better than it was a year ago," said NAPF chief executive, Joanne Segars.

"But the current economic environment means that whilst employee confidence in pensions remains positive, it is also very fragile."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Have you lost track of your pensions?

The changing nature of the jobs market means it’s highly likely that you’ve got more than one pension pot, but the question is, do you know where they all are? According to research from Aegon, many people don’t.

Grandparents missing out on pension protection

Grandparents who give up work to take care of their grandchildren could be missing out on valuable state pension rights. So, if you're a grandparent taking care of a little one, make sure you’re building up all of the pension that you deserve.

Setting goals could boost your pension pot by £30K

Setting goals can be the key to success in many areas of life, helping motivate you to achieve anything from career progression to building up that house deposit - and if you have goals set for retirement, you could boost your pension by £30,000.