The cash mistake greater than a 3rd of individuals make when shifting jobs

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Your assist makes all of the distinction. Learn extra Greater than a 3rd (36 per cent) of people that began a brand new job up to now 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 examine, 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 they'd accepted the position. An extra 12 per cent solely requested in regards to the pension scheme at their closing interview for the job.

But office pensions have been the third most necessary issue when folks have 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 folks throughout the UK in September 2025, stated this means there's a hole between what folks worth and what they really feel capable of ask about when making use of for a brand new position.

Separate analysis by M&G and the Social Market Basis, additionally carried out by Opinium amongst 3,000 folks, discovered that many employees wrestle to maintain on high of their pension admin.

<img src="https://static.independent.co.uk/2026/04/05/02/3b85c5391ac93811d635e7f50b8cf2ccY29udGVudHNlYXJjaGFwaSwxNzc1MTQxODg2-2.78681936.jpg" srcset="https://static.independent.co.uk/2026/04/05/02/3b85c5391ac93811d635e7f50b8cf2ccY29udGVudHNlYXJjaGFwaSwxNzc1MTQxODg2-2.78681936.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2026/04/05/02/3b85c5391ac93811d635e7f50b8cf2ccY29udGVudHNlYXJjaGFwaSwxNzc1MTQxODg2-2.78681936.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="More than one in 10 (12 per cent) only asked about the pension scheme at their final interview for the job." class="sc-1mc30lb-0 ggpMaE"/> Multiple in 10 (12 per cent) solely requested in regards to the pension scheme at their closing interview for the job. (PA) 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 monitor 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 might make an enormous distinction to folks’s monetary safety. Pensions should be not possible to miss.”

Listed below are the highest advantages that influenced employees’ selections to simply accept a task, in accordance with the survey for M&G, adopted by the odds of people that stated they have been influenced by them:

Wage, 48 per centFlexible working/work at home choices, 25 per centWorkplace pension package deal, 22 per centGenerous vacation allowance, 22 per centBonus scheme, 13 per centProfessional improvement/coaching finances, 13 per centHealth insurance coverage or different medical advantages, 13 per centSupport with well being and wellbeing, 10 per centSupport with private funds, 8 per cent [ad_2] Source link