Amazing shrinking pensions deficit - papers 21st April

The Daily Telegraph reports research by the CBI suggests the £160bn deficit in company pension schemes identified in 2003 has narrowed to the present £100bn gap after a quarter of firms boosted contributions to more than 20% of payroll. One-in-14 companies said they put in more than 30% of payroll. While the CBI sees the result of the research as "hugely encouraging", it adds the overall deficit remains alarmingly high, particularly given firms are being forced to the 30% contribution rate. EMPLOYEES FEELING the strain of increasing pensions contributions will today be dealt anoth...