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Building pension confidence a priority for 2009

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Although it would appear that confidence in pensions is building, the National Association of Pension Funds’ (NAPF) recent survey has suggested it must remain a priority this year.

The NAPF pensions confidence index rose from three per cent to seven per cent over the past 12 months, it has been announced.

Chief executive of NAPF, Joanna Segars, said that although confidence was better, it is still a "fragile" situation.

"No matter how long and deep the recession, we still need to provide for old age," she said.

 

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"We can do this most effectively if working people are confident about pensions. That is why we urgently need a national campaign led by government and actively supported in the pensions industry, worker representatives and business to rebuild confidence in pensions."

The survey also found that pensions are still the most important benefit an employer can offer on top of a basic salary, with the proportion of respondents believing that to be true having increased by four per cent in the last year.

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