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Pension confidence is rising despite the effects of the slump, finds survey

EMPLOYEE confidence in pensions has rebounded sharply, according to the National Association of Pension Funds (NAPF).<br /><br />The association&rsquo;s latest Workplace Pensions Survey says that its confidence index stood at +11 per cent at the end of September, three per cent higher than in March.<br /><br />The confidence index has jumped sharply from its low point of +1 per cent at the end of 2008, NAPF said.<br /><br />Despite the recession and the additional pressures on people&rsquo;s finances, pensions remain a priority for employees. Nearly two in five employees rate pensions better than any other form of savings for retirement, including buying up property.<br /><br />And more than eight out of ten say they will continue to out cash into a pension at work, while seven per cent will increase their contributions, the survey found.<br /><br />NAPF chief executive Joanne Segars welcomed the rise in pensions confidence. <br /><br />&ldquo;At our conference this week we will send a very clear message to politicians that they need to take pensions seriously,&rdquo;she added.