Workers May Not Retire Experts Warn

Financial experts at LCP have found that many workers will be unable to retire due to the fall in the final salary pension’s continuing.

The report estimates that £73 billion will be saved by employers because some have decided to link their penisons with the consumer price index instead of the retail price index.

LCP said , “Of course, where companies are seeing a significant reduction in their obligations to current and former employees, pension scheme members are losing out through lower expected future benefits,”

 

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