08 June 2006
According to a report from actuary firm Watson Wyatt, members of
the 100 largest company pension schemes are now having to
contribute an average 5.2% of salary. Last year, the average member
contribution was 4.6% of salary.
Final salary pensions still represent an excellent deal as they
can lead to a higher retirment income than money purchase schemes,
Watson Wyatt added.
