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Pension confidence returns

Pension confidence returns

Category: Pensions

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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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."

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