Top Tip A final salary pension
has no risk and is generally much better for you than a personal pension - you should keep hold of it if possible
The National Association of Pension Funds (NAPF) said only 13% of final salary pensions
were open to new joiners last year, a fall of a third from 2011.
We believe the provision of final salary pensions
is a broken model which is no longer appropriate for Unilever.
Based on the historic rates of RPI and CPI, a pensioner retiring now on a pounds 5,000 final salary pension
could expect an income of pounds 9,737 in 20 years' time, if it was uprated in line with RPI.
The criteria for the Charter Mark and the Best Employer Award will be, maintenance of a final salary pension
scheme, investment in vocational skills and new technology, adoption of information and consultation procedures, no compulsory redundancies or outsourcing work abroad in the last twelve months and undertaking an equal pay audit.
AROUND pounds 90bn has been knocked off the value of final salary pension
schemes due to recent quantitative easing (QE) measures, a pensions body warned today.
She hit out at Unilever for not returning to negotiations over the closure of the company's final salary pension
Mr Dewison should turn his wrath on Labours' last Prime Minister, Gordon Brown, who raided millions of pounds from the private sector final salary pension
schemes, which has coursed their catastrophic collapse in recent years.
They did of course enhance MPs' final salary pension
scheme, government funded to ensure they would not suffer the same fate.
For those in the private sector, however, years of pension underfunding has already come home to roost, with the near extinction of final salary pension
INSURANCE giants Aviva yesterday announced plans to shut the group's final salary pension
schemes in a blow to around 7600 UK employees.
Final salary pension
schemes are constantly in the news.
BP closes its final salary pension
scheme to new entrants from April 2010, while Barclays Bank is taking 18,000 staff out of its final-salary scheme and into an inferior defined contributions (DC) scheme, albeit with some protection against swings in the stock market.
WORKERS could be forced out of final salary pension
schemes as 25 firms plan to close them to existing members, the National Association of Pensions Funds said.
THE number of final salary pension
schemes that are still open to new members has fallen to a new record low, figures showed today.