Majority of workers expect employers to offer responsibly invested pension

A new survey found that nearly three-quarters of workers think it’s important that their employer offers a responsibly invested pension.

However, as many as 47% don’t even know whether or not their workplace pension is invested responsibly.

The Scottish Widows’ Responsibly Invested Pensions report surveyed over 6,000 employees, employers and financial advisors, looking at their views surrounding Environment, Social and Governance (ESG) related issues.

The survey shows that pension savers are very concerned about the issues currently impacting the world into which they will retire, which is having an effect on how they expect their pension to be invested and their employers’ role in this.

Eva Cairns, Head of Responsible Investment, Scottish Widows, said, “Employees are increasingly seeking to make sure their investments – including pensions – deliver financial return while considering the impact on people and planet, and there is clear demand for more responsibly invested options.

“We know pension savers are concerned about financial security and believe that considering risks and opportunities related to ESG can help build more resilient investment portfolios – but it’s also about contributing to a more sustainable future, tackling some of the societal issues people care about.

“There’s still a big knowledge gap to tackle, and employers should not only offer responsible pensions, but also do more to empower employees with the information they need to make more informed decisions.”

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