18th March 2009
Around half of all British employees are confident that their occupational pension scheme will remain safe despite the current economic turbulence.

That is according to new research carried out by JL Benefit Solutions, which found that 43 per cent of those workers polled considered their schemes to be secure over the long-term future.

This proportion was found to increase to 51 per cent among workers joined to a final salary pension scheme, though this dropped to around just one in three of those currently signed up to defined benefit schemes or group pension plans.

"In the current climate it is surprising that final salary members have expressed such high levels of confidence in their funds," noted Duncan Howorth, chief executive of the firm.

"Since we are seeing a significant proportion of these schemes being wound up by many UK businesses, I would have expected confidence to be lower and for employees who are members of defined contribution schemes we would expect more confidence in their pension fund."

Meanwhile, Britons were recently advised that property within the eurozone remains a safe long-term investment option.



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