19 May 2010
A report by Pension Capital Strategies and JP Morgan Cazenove,
which looked at pension disclosures of FTSE 100 companies as at 31
March, has found that the total cost of providing the current
year's pension obligations has fallen by 15 per cent over the past
year.
This indicates a decline in the number of employees who are
earning final salary benefits and, at this rate, means private
sector final salary pensions will no longer exist within six
years.
