A third of people say they need pension help at work


Article by Phil

In the latest survey of workplace pensions by the Drewberry Group (FT Adviser 4/5/22) almost one third of people felt that they needed pension help at work because they were not being informed about their pensions.

The survey also found that:

• Over 40% needed pension help at work because they didn’t know how much their pension was worth or even how much they were contributing.

• One third said that would like their employers to pay for pension help from financial advisers.

• 29% of workers thought that their employer wasn’t paying enough into their pension whilst over a third admitted that they weren’t paying enough into their pension themselves. (which is encouraging)

• Well over 50% of employees wanted pension help at work to understand whether they were contributing enough into their pensions for a secure retirement.

• Interestingly, 50% said they thought they were paying enough in, but the same number said that they didn’t understand anything about pension tax relief or salary sacrifice schemes.

However, it was encouraging to find that almost 90% do have a workplace pension however, due to the success of the autoenrollment scheme. It just seems from the survey findings that people need to know more and get more pension help at work from their employers.

If you need to know more about your pension please do not hesitae to give one of our expert pension advisers a call free of charge.

Pensions and Inheritance Tax

Inheritance tax and your pension explained - your property, pension, savings, investments and other assets.

All initial meetings to discuss your financial circumstances are FREE of charge, which is a great opportunity for us to get to know each other, before deciding how you’d like to proceed. If you need any Pension Help at work please feel free to give us a call on 01282 614444 or drop us an e mail to enquiries@ccfps.co.uk

Awards and Accreditations

Pension Transfer Gold Standard
Financial Vulnerability Taskforce
VF 23
Vouched For 2022
Vouched For 2021
Vouched For 2020
Vouched For 2019
Vouched For 2018
Vouched For 2017
Vouched For 2016
Vouched For 2015
Vouched For 2014

Adele has been professional and knowledgable, yet also personable and fun to spend a lot of time with! I wouldn’t hesitate to recommend her to friends and family.

Mrs C

The service provided was both professional and extremely helpful, without Christina’s help we would have lost money and took a long time to obtain our pension funds.

Mr & Mrs W

We have always found Christina to be reliable and honest. We value her services because nothing is too much trouble and she is never too pushy.

Mr & Mrs P