TITLE

Poor pension provision for transport and logistics workers

PUB. DATE
September 2005
SOURCE
Logistics & Transport Focus;Sep2005, Vol. 7 Issue 7, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents the findings of a survey conducted by AXA on pension provision for transport, distribution and communications employees in Great Britain. The survey found that more than one in three staff or 37% in the sector claim they do not get offered a company pension scheme, putting the sector amongst the worse in the region. In contrast, 78% of workers in the banking, finance and insurance sectors and 73% of the region's manufacturing staff claim their employer does provide a company pension. Public sector workers still lead the way, with 83% responded that they get a pension scheme provided as part of their employment package. Employees in the sector who get a company pension scheme also lose out by having to wait to join, with just 37% responded they can join as soon as they start the job.
ACCESSION #
18177769

 

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