Employers 'less keen on pension schemes'
Employers around the UK have become less keen on providing pension schemes to their respective workforces, according to one expert assessment.
Des Hamilton, technical director for the Pensions Advisory Service, has suggested that offering a good pension scheme is being less commonly considered as a way for employers to bolster their recruitment efforts.
Attitudes toward pension schemes have changed considerably in recent years and in general terms businesses and other employers have become "less paternalistic" toward their staff, Mr Tapp explained.
"The benefits of running an occupational pension schemes has always been the benefit that you have, or may have, in recruitment, retention and reward for your employees," he said.
"A lot of these schemes were introduced in a different era when there were different attitudes."
The number of people around the country who were actively engaged with a workplace pension as a way of saving for retirement fell by more than 200,000 in the two years prior to December 2006, according to data from the government's Actuary Department.
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