UK - Nine out of 10 workers believe a pension is the most important benefit that an employer provides, a survey by Virgin Money reveals.
But its annual Desk Divide study found only 40% of firms contributed to staff pensions as part of their benefits package.
Virgin Money said employers had shifted their focus to incentive-based benefits – and noted that the number of firms offering pensions had fallen.
Virgin Money spokesman Gordon Maw said: “A pension is the perk employees value the most in the long-term.
“It has topped the list of workers’ priorities in our survey every year but less than half of UK employees have a company pension.
“The fact firms have found it harder to provide a quality workplace pension in the last 12 months, seems only to have reinforced employees attitudes to this most valued benefit.”
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
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