A report in industry newspaper Money Marketing has said that 50% of the workforce, who work for small to medium sized businesses, have not got sufficient pensions cover.
There are very few owners of small businesses who provide a pension for their employees, as they cannot afford to due to regulation, fees and other costs.
Our view
It is still common that many people would not join the company pension even if they were offered the same. If your employer has a scheme then please do consider joining it. One caveat, take advice first though.