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Pensions warning for fledgling recruits.

ONE in three people accepted a new job with no idea about whether it came with a pension, meaning they ignored a benefit that's typically worth thousands of pounds a year.

In its latest survey, the National Association of Pension Funds (NAPF) revealed 25% started their first day in a new job not knowing if a pension was on offer, while 6% signed an employment contract ignorant about the pension provision.

The situation is not helped by employers, who are not doing enough to mention their pension, the NAPF said. Its latest analysis of job adverts found only one in 12 carries any pension information at all.

Joanne Segars, NAPF Chief Executive, added: "People need to wake up to the fact that some workplace pensions are worth a huge chunk of annual pay."
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Oct 26, 2011
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