UK - A National Association of Pension Funds (NAPF) initiative to raise awareness on pensions has received backing from government and will kick off later this year.
NAPF said the ‘PensionsForce’ initiative would involve working with the manufacturers’ organisation, the EEF, and trade unions to increase awareness of the need to plan for retirement and explain the options available to working people.
It would also provide information about workplace pensions, ensure individuals are in a better position to make informed choices and empower people to seek further advice where appropriate, said Joanne Segars, director of policy for NAPF.
”The workplace is a tried and tested vehicle for delivering valued retirement provision for millions of workers, and PensionsForce aims to bring those benefits to those who might otherwise lose out,” said Segars.
According to NAPF, 3 million people do not join an occupational-based pension scheme even though one is open to them. Segars said PensionsForce would address such problems to help maximise the benefit of workplace pensions by providing an independent, non-commercially-branded, service for employers to use for the benefit of their employees.
PensionsForce will be available free of charge to employers and their employees.
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