B&CE, the construction industry's employee benefits provider, has announced it intends to try and motivate employees to increase their contributions to Easybuild, its stakeholder pension scheme.
While the scheme is the UK's largest, few employees make any contributions and matching ones made by employers range from £2.51 to £7.50 a week. These will increase to £10 a week from the end of June.
Research carried out by the provider reveals that 82 per cent of construction employers believe it would be a good idea for employees to make contributions to their occupational pension schemes.
B&CE Benefit Schemes deputy chief executive John Jory says: “We carried out the research to find out how much support there is in the industry from employers to encourage employees to contribute more to their pension funds. It is encouraging to see that most employers do think it is a good idea and in principle they welcome the idea of us making presentations to staff to explain how to do it.”