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Latest News

Employers still committed to final salary pensions

by Personnel Today 17 Mar 2003
by Personnel Today 17 Mar 2003

Most
employers are still committed to final salary pension schemes, according to a
report.

Three-quarters
of the 240 organisations surveyed by insurance broker Jardine Lloyd Thompson
are still running final salary pension schemes.

The
poll also finds that six out of 10 organisations have increased their pension
scheme contribution rate, while a quarter have increased staff contribution
rates or are considering the move.

"Considering
market conditions, we might have expected a headlong rush away from the
traditional final salary schemes. But instead of the panic encouraged by the
headline-seeking, short-termist press, there are careful and sober tactical
adjustments to contributions levels and investment strategy," said Tim
Evans, chief actuarial officer at Jardine Lloyd Thompson.

By Paul Nelson

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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