CIPD offer pensions advice
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Money News |
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CIPD offer pensions advice
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Charles Cotton, pensions and employment conditions adviser at the CIPD, said that there is a “strong argument for sharing the burden of pension protection between employers and employees” and that the scheme should be “voluntary”.
“Where the majority of employees vote to protect their pension schemes, payment of the levy should be split equitably between employers and employees.”
“In all parts of the pensions process, individuals need to recognise their own responsibility to cater for their needs in retirement," he argued.
Mr Cotton also revealed that “companies are not telling employees enough about pensions”, with only 46 per cent keeping employees updated on their pension schemes.
Firms, he said, have a part to play in offering “an attractive, well-funded pension scheme” to attract the best candidates “that will make their business succeed”.
Related News : Pensions |
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