Company pension contributions climb

Companies
paid almost twice as much into their pension schemes in the past year than they
did in the previous 12 months.

Research
by consultants Watson Wyatt looked at the contributions made to the defined
benefit pension schemes of FTSE 100 companies reporting at the end of 2003 —
and found that on average contributions from employers had risen by 95 per
cent.

Some
75 per cent of these FTSE 100 companies had increased pension contributions, in
some cases quite substantially.

By Quentin Reade

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