Pensions row hits No. 10 - papers 20 February

Professional Adviser
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The row over the decision by UK plc to cut final salary schemes took another step up the political a...

The row over the decision by UK plc to cut final salary schemes took another step up the political agenda yesterday when the head of the Amicus union lambasted the retreat and found support from a former pensions minister The Scotsman says. Both are lending their support to the idea the the government should step in to avoid a situation of more widespread pensions poverty. A report from KPMG suggests workers kicked out of final salary schemes could be 30% worse off on average. UK companies respond that new accounting rule FRS17, which forces them to account for pensions li...

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