'Less than half' expect pay rise

Fewer than half of workers expect a pay rise this year even though confidence in job security has remained steady, according to a new report.

Fewer than half of workers polled said they expect a pay rise this year
Fewer than half of workers polled said they expect a pay rise this year

A survey of more than 3,000 adults showed that younger workers were more optimistic about having their pay increased, while over 55-year-olds were most pessimistic.

Legal & General said its study revealed that confidence in job security was holding up, especially among 25 to 34-year-olds.

Mark Holweger of Legal & General said: "While confidence in job security may be relatively high as we see the green shoots of economic growth, this hasn't yet translated into confidence in better financial rewards."