Three-quarters of final salary company pension schemes in the UK are now in deficit, potentially jeopardising the pensions provision of thousands of workers, according to the Pension Protection Fund.
Posts Tagged ‘Pension Protection Fund’
Dangerous times ahead for your occupational pension
Wednesday, November 25th, 2009If you are a member of a defined benefit or final salary occupational pension scheme, you are currently protected against your company going into liquidation by the Pension Protection Fund.
However, the continuing decline in final salary pension schemes may jeopardise the ability of the Pension Protection Fund to offer this protection in the longer term, leading pensions experts predict.
Pension advice: Starting a pension
Thursday, May 14th, 2009There are no short cuts to building a decent pension. Start early, and save hard. The basic state pension is less than £5,000 a year, and with the average retirement now spanning 20 to 30 years, there has to be more cash ‘in the pot’. For a full pension, a woman must have 39 years [...]
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