×
97% of young employees turn a blind eye to pensions
12th January 2012
“This statistic is alarming! Learning why and how to save for the future should be very important for all employees, especially given that auto enrolment will be introduced later this year. In a study we conducted in 2011, only 21% of employers believe employees are making sufficient retirement savings. I expect younger employees may have different savings priorities and are not aware of the variety of workplace savings which can be on offer such as the Workplace ISA and share schemes, as well as pension. These types of workplace savings can help when saving either for the short, medium or long term. The key to understanding this is to provide financial education in the workplace.”
Please see Pensions Age online to read more.
Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.