Greater than a 3rd of individuals ‘fail to ask about pension when transferring jobs’

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Your assist makes all of the distinction. Learn extra Greater than a 3rd (36%) of people that began a brand new job inside the previous 5 years didn't ask about their new agency’s pension scheme at any stage of the hiring course of, a survey has discovered.

Round a fifth waited till they obtained a job provide to ask in regards to the firm pension scheme, whereas 16% waited till after they'd accepted the position to make inquiries, based on financial savings and investments agency M&G.

A couple of in 10 (12%) solely requested in regards to the pension scheme at their closing interview for the job.

But, together with vacation allowances, office pensions have been the third most vital issue when folks have been weighing up which advantages most affected whether or not they accepted a task, with the wage being ranked as crucial and versatile working in second place.

M&G mentioned this implies there's a hole between what folks worth and what they really feel in a position to ask about when making use of for a brand new position.

It commissioned Opinium to survey 2,000 folks throughout the UK in September 2025.

Separate analysis by M&G and the Social Market Basis, which was carried out by Opinium amongst 3,000 folks throughout the UK, indicated that many staff battle to maintain on prime of their pension admin.

Some 40% of full-time staff surveyed didn't know their employer’s contributions, 43% have by no means modified their very own contributions and 25% have misplaced observe of previous pension pots.

Kerrigan Procter, managing director of company pension options at M&G, mentioned: “When making use of for a job, checking the pension scheme on provide is crucial.

“Too many individuals are lacking out as a result of they don’t ask, or the data isn’t available.”

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She prompt that employers ought to make pension particulars clear and upfront in job adverts, including: “When mixed with a easy pension well being examine at every job transfer, that transparency might make an enormous distinction to folks’s monetary safety. Pensions must be unimaginable to miss.”

Listed below are the highest advantages that influenced staff’ selections to simply accept a task, based on the survey for M&G, adopted by the chances of people that mentioned they have been influenced by them:

Wage, 48%

Versatile working/do business from home choices, 25%

Office pension package deal, 22%

Beneficiant vacation allowance, 22%

Bonus scheme, 13%

Skilled growth/coaching finances, 13%

Medical health insurance or different medical advantages, 13%

Help with well being and wellbeing, 10%

Help with private funds, 8%

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Greater than a 3rd of individuals ‘fail to ask about pension when transferring jobs’

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