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Employers have duty to help retiring staff

More than nine out of ten HR managers (91%) still feel offering a pension scheme helps them become a responsible employer and 89% believe it is their duty to help staff prepare for retirement.

The findings from the National Association of Pension Funds (NAPF) show 60% of HR managers do not think staff understand pensions and retirement issues, while 79% believe information in employee joining packs is sufficient information to communicate pensions to employees.
 
Nigel Peaple, director of policy at the NAPF, said: "The views of those at the heart of companies show that employers view their workplace pension as something deeper than just a normal part of the employment package. There clearly remains a strong sense of duty and responsibility towards their workers which employers should gain more credit for."
 
But he added: "There are still some issues to resolve around information and understanding but these are matters that are being improved upon."