Private sector pensions shut down at record rate: Millions face working into their ...

• Only 13 per cent of new recruits during companies will get a ‘final salary’ pension
• The figure is dramatically down from a 43 per cent of new recruits in 2005
• National Association of Pensions Funds highlights a grant apartheid
  

By
Becky Barrow

PUBLISHED:

21:24 EST, 27 Jan 2013

|

UPDATED:

21:24 EST, 27 Jan 2013

Gold-plated pensions in a private zone are being close down ‘at a fastest rate on record’, a news by a National Association of Pensions Funds warns today.

In 2005, 43 per cent of ‘final salary’ schemes authorised new recruits to a association to join. Today a figure has collapsed to only 13 per cent following a biggest-ever dump final year.

A ‘final salary’ grant promises to compensate a workman a commission of their gain on retirement

Read full article: http://www.eweek.com/pc-hardware/ipad-retina-display-macbooks-part-of-apple-black-friday-sale/

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Source:
http://www.news.ezonearticle.com/2013/01/27/private-sector-pensions-shut-down-at-record-rate-millions-face-working-into-their/