UK - Most businesses are failing to measure the corporate benefits of pension contributions and are not providing enough education to workers, a survey from Alexander Forbes Financial Services has shown.
It found there was also a mismatch between what companies believed they communicated to staff about their pensions and what information staff said they received, with 59% of employees said they would welcome better pension education in the workplace.
Jarrod Parker, technical manager, Alexander Forbes Financial Services, said: "There is an urgent need for business and academia to work together to create systems to understand, measure and improve the return on investment in pensions. For the companies that make this effort we believe the corporate benefits far outway the cost.
"Once this return is better understood, workplace education and communication about pensions will help ensure that employers gain maximum return from their investment and enable employees to appreciate and evaluate their pension provision correctly."
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