Communicationbreakdown

In testing times, employee apathy is rife, making it essential for employers and their advisers to communicate the importance of maintain focus on retirement planning

The impact of the current economic crisis is wide-ranging, and there is little doubt that ensuring employees and employers plan for pension provision will be challenging in 2009. Last year, the FTSE 100 index recorded its biggest annual decline since its inception in 1984 - a fall of over 30%. With pension funds exposed to stock market investments, it is no surprise they have fallen significantly in value. Employees looking at their company pension scheme annual benefit statements this year are likely to be extremely disheartened. As the recession deepens, employers and employees will b...