PENSIONS: THE PAINFUL TRUTH ; 96% of final salary schemes are doomed OAPs worst off in Europe State pensions withering on vine
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Summary
THE extent of the pensions crisis was laid bare yesterday by a 'triple whammy' of worrying reports.
Almost all blue-chip companies now admit their final salary schemes are 'unsustainable', according to a major survey.See the full content of this document
Extract
PENSIONS: THE PAINFUL TRUTH ; 96% of final salary schemes are doomed OAPs worst off in Europe State pensions withering on vine
At the same time, two separate studies said that Britain's state pension was the worst in the Western world.
The reports confirm that private sector workers face a bleak future, with the state handout withering on the vine and doz...See the full content of this document
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