Workers waste £5bn ignoring work pensions

Research found, the 18% of full-time and part-time workers who have not joined their company’s occupational pension scheme surrender £5.07bn of pension perks annually. Based on the UK average salary for full and part time staff of £19,494.80 a year, it means employees are foregoing an extra £2,208 a year on top of the salaries. While all companies are legally obliged to provide a stakeholder pension scheme as a minimum part of staff employment packages, the research found, more than one in four UK working adults believe their employer does not offer a pension scheme. The figure rose to 3...