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 pensions 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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