Contracting in is 'in' - papers 15 November

NU denies its move comes as a response to the endowments crisis in the industry, the The Scotsman writes, saying instead “it is in everybody’s financial interests to opt back in”. The Scotsman says the NAPF is about to publish figures suggesting the cost of average schemes is now equivalent to 25% of payroll for the average employer. ”Parliamentary Ombudsman Ann Abraham has also launched an inquiry into whether workers may have been misled over the security of final-salary schemes after a series of well-publicised failures,” the paper adds. SAVINGS TROUBLES ARE also hitting Abbey, ...