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Millions May Lose Promised Company Pension

Millions May Lose Promised Company Pension. PLSA report says millions may lose promised company pension. According to the latest report from the Pensions and Lifetime Savings Association (PLSA), 3 million people in the UK could be at risk of receiving less of a company pension fund than promised. A taskforce from PLSA was recently put together to Investigate and review options to help Pension Schemes facing underfunding. According to research, over the last ten years, £120 billion in special company contributions has been injected into company schemes. Despite this, there are reports of a £400 billion deficit. The report also suggested that many of the company schemes were on track to meet their pension promises. However, 3 million of them … Read More…

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