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15/10/2009 17:08:56

Workplace pension 'confidence on the up'

People feel more optimistic about saving into pensions, new research shows.

Figures released by the National Association of Pension Funds (NAPF) in its latest Workplace Pensions Survey reveal that - when questioned in September - 11 per cent more employees felt confident about such retirement funds than those who did not.

Such a figure represents a rise from the seven per cent balance seen in March and the one per cent low-point recorded at the end of last year.

The study also revealed that 84 per cent of workers claim they will continue to invest in work-based pensions as a means of saving for retirement, with seven per cent looking to increase how much they contribute into their pension pot.

"We need long-term commitment and measures from whichever government is in power after the general election to create an environment where it is easier for employers to provide pensions and for employees to save in them," Joanne Segars, chief executive of the NAPF, states.

Earlier this month, Keith Barton, chair of the Association of Consulting Actuaries, called on the government to do more to support private sector employers prepared to offer quality pension schemes to their staff.

Such comments follow a study by the organisation revealing just six per cent of employers are happy with the government's track record on pensions.

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