EEF backs call for compulsory pensions - papers 1st Sept

EEF, the organisation for manufacturing and engineering business, has proposed a compulsory contribution by all employees, employers and the self-employed which could initially be set at 2% of earnings and would gradually increase to 4% of earnings between 2015 and 2025, payable by both employees and employers. Representing 6,000 manufacturing firms, the EEF also proposes there should be an "enhanced" basic state pension paying 21% of national average earnings at age 65, and 25% of average earnings at age 75. TRUSTEES OF the BBC's £6.4bn pension fund have sacked Deutsche as one of its...