On the go: As people grapple with the cost of living crisis, Google searches for “pension help” have reached a 10-year high.
Research by investing comparison site Investing Reviews found that searches for help with retirement have more than doubled in the past 10 years, representing a rise of 157 per cent.
A spokesperson from Investing Reviews said: “It is paramount to prepare and invest in your future, now more than ever. However, this is easier said than done, with costs rising in every factor of life.
“Despite it being no surprise to see that people are seeking help with their pensions, these figures highlight an alarming shift in the way Brits are viewing their retirement.”
The research also revealed which industries offer the best employer pension contributions, with the civil service coming out on top.
By analysing data from the Office for National Statistics, the research found which industry has the highest percentage of its workforce receiving employer pension contributions of 20 per cent or more.
Employers in public administration and defence are the most generous, with 68 per cent of employers contributing 20 per cent or more to their employees’ pension pots.
Education was the second-best sector, with more than 64 per cent of employers contributing 20 per cent or more.
After education, there was a significant fall in the number of employers contributing more than 20 per cent.
Employers in the electricity, gas, steam and air conditioning supply sector placed third, at 19.4 per cent, with the human health and social work activities sector coming fourth at 15.4 per cent.
The wholesale and retail trade sat in last place with only 1.3 per cent of employers contributing at least 20 per cent to their workers’ pension pots.
Earlier this month, Canada Life released figures which showed that one in 20 people have stopped their pension contributions because of the cost of living crunch.
This article first appeared on FTAdviser.com
