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Employees not satisfied with benefits

Despite annual spending of £50bn by companies, UK employees are not satisfied with their employee benefits, according to the Towers Perrin Benefits Effectiveness Index.


The annual survey found that in 1998 less than half of employees were satisfied with their choice and level of benefits compared to 60 per cent in 1997.


Pensions continue to confuse employees with over 45 per cent saying they do not understand what their financial needs in retirement will be, with only 28 per cent confident that they will have enough income on retirement.


This is the second survey in an annual series covering UK companies with over 13,000 employees.

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