Families fail to take up workplace pensions

Two fifths of families say they cannot afford to pay into a pension. Many workers would be happy to pay in to a pension if their employer contributed as well. The majority of British families are not paying into a workplace pension scheme, according to new research from an insurance firm. The Aviva Family Finances Report revealed that just 28% of families contribute to their work pension. The majority of the other 72% said that affordability was one of the main reasons why they did not have a pension. Two fifths of all respondents said they cannot afford to belong to an existing workplace ...