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North East workers don’t believe in pensions

Nearly three quarters (79%) of people in the North East do not believe that pensions are a reliable way of saving for their retirement, according to research commissioned by PricewaterhouseCoopers.

The research is published following on-going news that record deficits have been reported for FTSE 100 defined benefit pension schemes.

Ian Lithgow, North East pensions director, PwC, Newcastle, said: “At the same time that companies are grappling with how to repair past pension deficits and carrying out major reviews of their future pension provision, it appears that employees do not necessarily value or trust pensions as a savings opportunity in the first place.

16.Oct.09 | Business

  1. Staff that take breaks ‘more productive’

    Small business bosses must ensure that they ensure that employees take regular breaks to limit stress and increase their productivity, according to the Advisory, Conciliation and Arbitration Service (Acas).Acas have…

    16.Oct.09 | Business

  2. Shortlist announced for Equality Awards

    The shortlist for the North East Equality Awards has been announced.Employers, training providers and individuals from across the region entered the awards, which celebrate good practice in stamping out…

    16.Oct.09 | Business

  3. North East workers have mixed reactions to employment deals

    Employees are “divided” in how they feel about changes made to their employment deals during the recession.That’s the result revealed by recent research commissioned by PricewaterhouseCoopers (PwC).The survey questioned over…

    15.Oct.09 | Business

  4. New roles for North East leading lights

    The chairman of one of the North East’s biggest technology companies and a veteran of a series of military peace keeping missions are just two of five people who have…

    15.Oct.09 | Business

  5. North East unemployment continues

    While the rest of the UK has heard that unemployment growth is not as bad as it has been in previous months, the North East is continuing to slide further…

    15.Oct.09 | Business

  6. Downturn fuels business efficiency

    Nearly two thirds of business owners believe the recession has actually made their companies more efficient, new research suggests.A further 34% have also taken on a greater focus on customer…

    15.Oct.09 | Business

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30.Sep.09 | Business

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  1. 16.Oct.09

    Staff that take breaks ‘more productive’

    Small business bosses must ensure that they ensure that employees take regular breaks to limit stress and increase their productivity, according to the Advisory, Conciliation and Arbitration Service (Acas).Acas have…

  2. 16.Oct.09

    Shortlist announced for Equality Awards

    The shortlist for the North East Equality Awards has been announced.Employers, training providers and individuals from across the region entered the awards, which celebrate good practice in stamping out…

  3. 15.Oct.09

    North East workers have mixed reactions to employment deals

    Employees are “divided” in how they feel about changes made to their employment deals during the recession.That’s the result revealed by recent research commissioned by PricewaterhouseCoopers (PwC).The survey questioned over…

  4. 15.Oct.09

    New roles for North East leading lights

    The chairman of one of the North East’s biggest technology companies and a veteran of a series of military peace keeping missions are just two of five people who have…

  5. 15.Oct.09

    North East unemployment continues

    While the rest of the UK has heard that unemployment growth is not as bad as it has been in previous months, the North East is continuing to slide further…

  6. 15.Oct.09

    Downturn fuels business efficiency

    Nearly two thirds of business owners believe the recession has actually made their companies more efficient, new research suggests.A further 34% have also taken on a greater focus on customer…

  7. 14.Oct.09

    FSB Accord sign up gathers pace

    Middlesbrough Council has become the latest council to sign up to the Federation of Small Businesses’ (FSB) ‘Small Business Engagement Accord.’To build on this signing the FSB and Middlesbrough Council…

  8. 14.Oct.09

    Exports will drive North East out of recession

    The health of the North East economy is slowly on the mend with exporters leading the charge to recovery, according to new data.The North East Chamber of Commerce’s latest quarterly…

  9. 14.Oct.09

    Conference helps businesses shape tourism

    The recently reopened Great North Museum: Hancock will play host to 150 local businesses today at Tourism Tyne and Wear’s annual conference.The event will showcase to local businesses the scale…

  10. 13.Oct.09

    Broon leaves the Toon (again)

    Newcastle Brown Ale will no longer be brewed on Tyneside, its makers have announced.Manufacture of the famous Geordie brand will switch to Tadcaster, North Yorkshire, Scottish & Newcastle (S&N) said.It…

  11. 13.Oct.09

    Bellway plans turnaround

    Housebuilder Bellway today said it had snapped up £120 million of land in the past two months as it drew encouragement from signs of stabilisation in the property market.The Newcastle-based…

  12. 13.Oct.09

    Tees Valley companies given awards opportunity

    A call has gone out to environmental companies in the Tees Valley to sign up to an awards scheme aimed at recognising their green efforts.As part of the search for…

  13. 13.Oct.09

    Flood recovery in Morpeth wins top market town award

    A project which aimed to boost community morale following the floods in Morpeth just over a year ago has been named the winner of the North East Market Town awards.The…

  14. 12.Oct.09

    Print spending cut back amid free online news

    More than a quarter of people have cut back spending on magazines and newspapers in the economic downturn in favour of free online content, a study has shown.But as more…

  15. 12.Oct.09

    YouGov suffers recession slide

    Polling and research firm YouGov today reported its first profits fall in eight years as the firm felt the brunt of recession.The company – known mainly for its political polling…

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