Pensions on the run as athletes gain tailored savings scheme

British athletes now have the opportunity to sign up to a specially tailored pension plan to help them save for their futures.

The scheme has been arranged by the British Athletes Commission, which is concerned that too many young athletes are not thinking about life after they have finished competing.

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The commission’s survey of Britain’s team for the Winter Olympics in Turin, Italy, this year revealed that the average annual salary of members was just £14,500.

Commission chief executive Pete Gardner, said: “What we are trying to do is to encourage them to put away £20 or £30 a month so that they will have something for the future.”