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Pensions confidence on the up.

Summary: New research has shown workers' confidence in pension schemes has improved significantly since the end of last year.

New research has shown workers' confidence in pension schemes has improved significantly since the end of last year.

Around 11 per cent more employees currently feel confident about saving for their retirement through a pension than those who are not happy doing so, up from a balance of 7 per cent in March and just 1 per cent at the end of last year.

Nearly two out of five people also think pensions are the best vehicle for retirement saving, beating property and tax-free ISAs, according to the National Association of Pension Funds.

Speaking ahead of the group's annual conference, Joanne Segars, chief executive of the NAPF, said: "These are really positive and welcome findings and show just how much workplace pensions matter to people.

"At our conference this week we will send a very clear message to politicians that they need to take pensions seriously. Without good quality workplace pensions, millions of people would be worse off in retirement."

Independent Television News Limited 2009. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Oct 19, 2009
Words:203
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