Employee Benefits poll: Almost half (44%) of employers said they communicate to their employees where their pension scheme is invested, according to a survey of Employee Benefits readers.
The same number (44%) of employer respondents said they do not communicate to their employees where their pension scheme is invested.
Meanwhile, 13% said they were unsure whether they did or did not.
Last month, Employee Benefits reported that employees aged under 35 are nearly three times more likely to know where their pension is invested, according to new research by Ovo.
The home energy, electric vehicle charging and green technology firm surveyed 1,013 people, and found that 78% respondents aged under 35 said they believe it matters whether their pension is invested ethically, compared to just 34% of employees aged over 65.
Just one in four employees aged over 45 said they know the sectors, funds or organisations that their pension is invested in. Yet only 13% of employees feel very confident that they have sufficient knowledge of how to effectively reduce their carbon footprint, including through their pension.
Julia Diggs, vice president of people at Ovo, said: “Young people are thinking differently about their financial future, they want transparency, impact, and a pension that reflects their values. This research shows just how engaged the next generation is when it comes to where their money is invested. At Ovo, we’re committed to offering a workplace pension that supports our people and the planet. It’s one of the most meaningful ways employers can build trust, attract talent, and support long-term financial security.”
