Employers not getting value from pension spend

The survey of more than 70 large UK private sector employers and 2000 employees of large UK firms found just 18% of employers felt they currently get full value from their pension benefit spend, while only 27% believed their employees understood the pension benefits they offered.. Watson Wyatt senior consultant Gary Smith said many employers needed to rethink their employee benefits strategy, focusing on retirement provision in particular. He added: "In the current economic climate no company can afford to achieve a sub-optimal level of return on such a significant investment. It is unl...