Firms ahead of deadline on stakeholder pensions

first_img Previous Article Next Article More than a fifth of firms have introduced some form of contributory pensionscheme for their employees over the past year, according to research. Virgin Direct’s second annual survey of workplace perks reveals that aheadof the new rules on stakeholder pensions the number of firms offering a pensionwith contributions rose from 26 per cent to 48 per cent in 2001. The survey also shows that 89 per cent of UK staff believe a pension thattheir employer pays into is the most important benefit. Karen Thornber, head of HR at Virgin Direct, believes the increase in thenumber of companies paying into staff pensions is because of new rules onstakeholder pensions, which are due to come into force next month. She said, “For the second year running, UK workers have put a pensionthat their employer pays into at the top of their wish list and, happily,bosses are getting the message as 22 per cent more firms are doing just thatcompared to a year ago. “Although legally firms employing five or more staff will have to offera pension scheme by 8 October, companies do not have to pay into them, so thefact that they are putting their hands in their pockets is tremendousnews.” But the study also shows requests for family friendly benefits at work arebeing largely ignored by employers. More than half of all employees want crèche facilities, but only 3 per centhave them. Only 24 per cent receive paid paternity leave. www.virgindirect.comBy Ben Willmott Comments are closed. Firms ahead of deadline on stakeholder pensionsOn 25 Sep 2001 in Personnel Today Related posts:No related photos.last_img read more