Origen attacks fat cat DB pension schemes

It says despite the continuing decline of final salary pension plans there is little change in defined benefit (DB) arrangements for board members of large corporate firms over the last four years with only a 5% drop in the number of senior executives on DB schemes during the period. The survey finds 45% of senior executives in large UK companies are protecting their own pensions and are still offered final salary or defined benefit pensions, while 66% of these schemes are closed to new members and to continuing to build benefits for current staff. The average combined employer/employee c...