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.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.