Less than a quarter (24%) of respondents check what pension contributions are on offer by a prospective employer before accepting a new job, according to research by Fidelity International.
The research also found:
- 20% of female respondents look into the contributions their next employer will make to their workplace pension before accepting a new job.
- 27% of male respondents are interested in what contributions their new employer will make into their workplace pension.
- 46% of respondents admit to not checking the pension contributions offered by their prospective employer because they simply did not think about it.
Richard Parkin (pictured), head of pensions policy at Fidelity International, said: “Moving up the career ladder and landing a new job is most often associated with getting a bigger salary. But [employees] might get a nasty surprise if [their] pension turns out to be less than with [their] previous employer.
“It is worrying that just one in four people check the details of their new pension when changing jobs. Some employers are more generous than others and [employees] could find a large part of [their] pay rise is offset by reduced contributions.”