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Job adverts should include pensions info

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17/07/2006

Details of company pensions schemes should be included within job adverts, according to a new study from AXA.

The study from AXA revealed that more than two-thirds of British workers (67%) would like it to be compulsory for employers to provide details of all employee benefits offered within job adverts, including pensions, health insurance, bonuses and other benefits offered on top of salary.

Additionally, 42% of senior managers at UK firms also backed the compulsory inclusion of the information in vacancy adverts.

Steve Folkard, Head of Pensions & Savings at AXA said: Clearly there is broad recognition amongst employers and their staff that pensions and other benefits are as important as the salary. So it makes sense that the complete remuneration package should be a key consideration for all job applicants.

AXAs call has been echoed by former pensions minister, John Denham MP, who commented: “I welcome this call from AXA. I made a similar proposal in a Private Members Bill last year which received support from across the pensions industry. While the Government’s pension proposals will give most people a much stronger foundation for retirement, many will want and need additional pensions savings. We need to make it easier for employees to identify which companies offer the best deal on pensions and pay.”

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