Employers failing to engage workforce in pensions, research

Work is 'perfect place' for early pension engagement

clock • 2 min read

Three-quarters of workers feel they are not being encouraged to engage with their workplace pension by their employer, despite the majority holding them responsible for their retirement planning, new research has found.

A survey by Aegon found more than half (54%) of employees believed their employer held a responsibility to assist them in their planning for retirement.  Yet 75% told the provider they felt they were not being actively encouraged to check their workplace pension during working hours. Aegon warned employers were missing a trick, saying the workplace was the "perfect place" to start engaging people with their pensions. Its own experience showed a 30% uplift in employee engagement when the employer highlighted pensions in the workforce, it said. Aegon had surveyed 386 members of its c...

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