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Pensions top priorities for firms and staff

Providing a pension is the top priority for employers wanting to recruit

and retain staff, according to new research from Barclays and Legal &

General.

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&#39s most valuable fin-ancial asset.”

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