UK - Graduates are shunning local government pension schemes because they are weighed down by student debt, public service union Unison claims.
And it wants government action to reverse the trend.
West Midlands Metropolitan Authorities Pension Fund chief pensions administration officer Mike Woodall agreed that something needed to be done about the problem.
He said: “Graduates have immediate financial pressures from tax, National Insurance and their student loans.
“Pensions can be deferred to the future – and they exercise their rights to do so.”
He said the only way of ensuring that graduates took up a pension was to make them compulsory, or otherwise raise grants for students.
West Midlands Metropolitan Authorities has just conducted a marketing initiative to try to encourage the take-up of pensions among graduates.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.