Grant Thornton applauds FSA move to lower pay rises

Grant Thornton, the accountancy firm, has cheered the FSA's decision to decrease pay rises to staff who are members of its final salary scheme in a bid to avoid closing the scheme completely. This firm is pleased with the FSA's move and says that the decision is not only one that is hard to make, but also one that would, if avoided, increase inequality between employees. Grant Thornton is backing up its response by referring to figures, published by the Association of Consulting Actuaries, showing that 72% of final salary schemes are closed to new members and that the overall ...