Is the party over for pensions?

Higginbottom, Karen
August 2008
People Management;8/21/2008, Vol. 14 Issue 17, p12
The article discusses the impact of Great Britain's economic slowdown on defined-benefit (DB) pension schemes. The combined schemes of the Financial Times Stock Exchange (FTSE) 100 companies reported a net pensions deficit of £41 billion in July 2008, according to actuarial firm Lane, Clark and Peacock (LCP). The Confederation of British Industry (CBI) says pension scheme deficits have become the top worry of companies. Charles Cotton of the Chartered Institute of Personnel and Development (CIPD) says employers have the right to be worried.


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