76% of those questioned by financial group Jelf Employee Benefits said they believed there should be an increase in pension contribution levels, while 15% disagreed. In addition, 85% of respondents thought that any increase should come from employer contributions - either wholly or in part - while just 14% thought that increased contributions should be made only by employees.
Auto-enrolment legislation requires employers to automatically enrol eligible employees into a qualifying workplace pension and pay a minimum contribution in the fund. The measures are being phased in between 2012 and 2018, depending on the size of the business.
Head of Benefits Strategy at Jelf Employee Benefits, Steve Herbert, said: 'Frankly, we were a little surprised at these results. Many employers are yet to reach their staging date for auto enrolment, and a significant proportion of those who have already staged are not yet at the full contribution rate.
'It is very encouraging that employers continue to see the benefits of offering a quality pension scheme. A good pension offering will obviously help employees, and will also provide an important recruitment, retention and planning tool for employers'.
Visit the Your Money section of our website (www.branstonadams.co.uk) to explore a wealth of information on personal tax and savings issues, including our guide to auto-enrolment. Alternatively, call us on 01252 728598 to discuss
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