Aug
03
Pensions debt may impact workers` retirement funds
03-08-2010
Tagged Under : Workers, Workers Retirement
According to a report by actuaries LCP, an entire generation of workers may be left with little money to retire on because companies haven`t reduced their pension debts, lv.com reports.
17.5bn was paid into employee pension pots by large firms during 2009 – which helped slash the top 100 firms` overall pension debt by around 50%, to 51bn.
However, as the Accounting for Pensions report points out, the increase in bosses` contributions could put the brakes on any recovery from the recession and might `discourage investors`. Read full post…