The average annual workplace pension for directors at the UK's top companies is 25 times greater than that of ‘ordinary' workers, a TUC study suggests.
The organisation’s sixth PensionsWatch survey found some company top brass are retiring on pensions of over £200,000 a year. Directors with the greatest entitlements at each company have average pension pots of £5.2m and can expect a pension of £333,400 a year, it says, after analysing the pension arrangements of 346 directors from 102 of the UK's top companies. Top bosses have amassed pension pots that average around £3m each, it concludes, providing an annual pension of £201,700 a year - 25 times the average workplace pension that ordinary workers receive (£8,100). PensionsWatch also s...
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