Employees shun pension schemes - papers 26th May

The Times says the findings suggested just 32% of British companies had more than 80% of new employees joining their pension funds this year. Last year, almost half of UK firms reported a similar take-up rate. Furthermore, the firm owned by Aegon UK also said there was evidence of a sharp drop in the amount employers pay into pension schemes. TRADE AND industry secretary Patricia Hewitt has stunned the industry as she yesterday defended the four men who have made millions of pounds by restructuring MG Rover despite previously being one of the strongest critics of fat-cat pay, the ...