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One-Third Of People Would Pour More Into Pension Plans

Only 39% of U.K. pension plan members say they would plunk additional money into their plans as a way of building retirement savings.

Only 39% of U.K. pension plan members say they would plunk additional money into their plans as a way of building retirement savings, according to Watson Wyatt. An almost equal percentage (38%) would invest the extra cash in individual savings accounts, while 19% would place it in property and 14% would bank it. “There is an important issue here for employers and pension trustees,” consultant Gary Smith of Watson Wyatt told Professional Pensions. “They need to think seriously about the benefits they offer and the important role that pensions can play in the overall remuneration package.”

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