Staff face big decisions around pension savings

Nearly two-thirds (60%) of respondents say uncertainty about how to make the best decisions around how to access their pensions savings is the greatest challenge facing their employees, according to the Employee Benefits/Close Brothers Pensions research 2014

pensions

The research, which surveyed 216 respondents in September 2014, also found that the same percentage (60%) believe employees are concerned about a lack of money in retirement.

Respondents also believe that other concerns among their employees  include financial security in retirement (52%), uncertainty about what to do with their pension savings (52%) and a lack of financial or tax plan (39%). 

Just 14% of respondents believe that their employees are worried about having a lack of purpose in retirement. 

Retirement concerns affecting respondents’ workforce

Retirement concerns affecting respondents workforces