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Most people fear the end is nigh for company pensions

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Source: Reward and Benefits Today

Issue: 1 July 2009

Date: 01/07/2009

Publisher: RBI

Most people fear the end is nigh for company pensions

TOPICS:

pay and benefits

benefits (pay-related and other)

Most people in the UK believe company pension schemes will close to all employees following recent tax changes for high earners.

A poll of 2,016 adults found that seven in 10 think company pension schemes could close to all employees as a result of the tax increase on pension contributions made by those earning £150,000 a year or more: 45% agreed that the higher 50% rate "is a bad idea".

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