Pensions progress "going backwards" warns TUC

Barber claims only one in four private sector employees are now members of good employer pension schemes with the trend is moving downwards and that many employers have shut salary-based schemes to new members. He also criticises Rentokil for proposing the closure its salary-based scheme altogether. Barber says: “Directors in too many companies have been keen to tighten every belt other than their own - boardroom schemes continue to guarantee huge pay-outs. We will not build a new pensions consensus on the foundations of double standards and gross inequality. He adds pensions will contin...