Survey Finds Auto-Enrolment Employees Have More Confidence in Pensions

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25th February 2014 13:24 - Financial Services

The latest findings published by the National Association of Pension Funds (NAPF’s) Confidence Index – which measures the difference between the number of respondents who are confident and not confident in pensions compared to other forms of retirement savings – shows that two fifths (44%) of UK employees are now very or quite confident about pensions, compared to 46% who are not confident – the highest score since 2010.

The survey found that confidence among those already in a pension scheme and those who have been auto-enrolled is significantly higher than those who do not save into a scheme, 59% and 28% respectively. This is an increase since October 2012, when half (50%) of those already saving in a pension were confident in pensions.

Joanne Segars, chief executive of the NAPF, said:

"We knew that auto-enrolment would be a game changer but it would appear it has had a positive impact on confidence in pensions too." 

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