Providing a pension is the top priority for employers wanting to recruit
and retain staff, according to new research from Barclays and Legal &
Employees rank pensions above bonuses and flexible working hours.
The survey of consumer attitudes asked which benefits employees saw as
most important for firms to offer. Sixty-three per cent said a company
pension was the most important, 60 per cent flexible working hours, 59 per
cent bonuses and 42 per cent healthcare.
More than 40 per cent of employers say they would be prepared to make
contributions to a staff stakeholder pension but only 22 per cent of staff
believe their employers will make a contribution to their pension.
Legal & General pensions strategy director Adrian Boulding says: “Provided
that regular contributions are paid, a pension fund is likely to become an
emp-loyee's most valuable fin-ancial asset.”