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Greater than a 3rd (36 per cent) of people that began a brand new job previously 5 years didn’t ask about their new agency’s pension scheme at any stage of the hiring course of, a survey has discovered.
The research, from financial savings and investments agency M&G, discovered a few fifth waited till they obtained a job provide to ask, whereas 16 per cent waited till after that they had accepted the function. An extra 12 per cent solely requested in regards to the pension scheme at their ultimate interview for the job.
But office pensions had been the third most necessary issue when individuals had been weighing up which advantages most affected whether or not they accepted a task, with the wage being ranked as a very powerful and versatile working in second place.
M&G, which commissioned Opinium to survey 2,000 individuals throughout the UK in September 2025, stated this implies there’s a hole between what individuals worth and what they really feel capable of ask about when making use of for a brand new function.
Separate analysis by M&G and the Social Market Basis, additionally carried out by Opinium amongst 3,000 individuals, discovered that many employees battle to maintain on prime of their pension admin.
Some 40 per cent of full-time employees surveyed didn’t know their employer’s contributions, 43 per cent have by no means modified their very own contributions and 25 per cent have misplaced observe of previous pension pots.
Kerrigan Procter, managing director of company pension options at M&G, stated: “When making use of for a job, checking the pension scheme on provide is important.
“Too many individuals are lacking out as a result of they don’t ask, or the knowledge isn’t available.”
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He urged that employers ought to make pension particulars clear and upfront in job adverts, including: “When mixed with a easy pension well being test at every job transfer, that transparency may make an enormous distinction to individuals’s monetary safety. Pensions should be inconceivable to miss.”
Listed here are the highest advantages that influenced employees’ choices to simply accept a task, in line with the survey for M&G, adopted by the chances of people that stated they had been influenced by them:
