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Some 10% of small firms 'do not offer company pension scheme'
07/03/2007
One in ten small to medium-sized businesses do not provide their staff with a company pensions scheme, it has been revealed.
And one in eight companies think that their staff make sufficient contributions to pensions schemes, according to Barclays Financial Planning.
The research, which was conducted by Mori, investigated the pension patterns of 200 companies with turnovers between £1 million and £15 million.
It is part of an ongoing study by Barclays Financial Planning into the awareness and attitudes of small businesses towards retirement financial planning.
Stephen Ingledew, director of Barclays Financial Planning, said: "With the effort the government has made over recent years to raise awareness of the importance of pensions it is surprising that there are still a number of companies who are failing to provide their staff with a pension scheme.
"With the rise of pension schemes designed to help people secure a comfortable retirement, companies should be highlighting the importance of pensions and retirement planning."
Employers should show some responsibility in informing their staff about the importance of contributing to pensions schemes, he added.
And one in eight companies think that their staff make sufficient contributions to pensions schemes, according to Barclays Financial Planning.
The research, which was conducted by Mori, investigated the pension patterns of 200 companies with turnovers between £1 million and £15 million.
It is part of an ongoing study by Barclays Financial Planning into the awareness and attitudes of small businesses towards retirement financial planning.
Stephen Ingledew, director of Barclays Financial Planning, said: "With the effort the government has made over recent years to raise awareness of the importance of pensions it is surprising that there are still a number of companies who are failing to provide their staff with a pension scheme.
"With the rise of pension schemes designed to help people secure a comfortable retirement, companies should be highlighting the importance of pensions and retirement planning."
Employers should show some responsibility in informing their staff about the importance of contributing to pensions schemes, he added.