The survey, which was carried out in September 2014 among readers of Employee Benefits and users of www.employeebenefits.co.uk, received 216 responses.
Key findings
- 78% of respondents now offer a group personal pensins plan as their primary pension scheme
- 24% offer a master trust
- 32% of respondents contribute 6-10% of salary for the majority of staff
- 43% of respondents say 90% or more of their workforce are active pension scheme members
- 48% of respondents expect employers to want and need guidance around their pension decisions at retirement and through their careers
- 39% believe the new pension reforms will mean that staff will be better prepared for retirement
- 15% of respondents have refined their pension communication strategy to incorporate at-retirement guidance ahead of the reforms
- 49% believe that supporting staff at retirement is a key part of their employee value propositon
- 55% of respondents do not offer their staff support at retirement