Schemes pay out £14bnin retirement benefits

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UK - Pension schemes paid out over £14.2bn in retirement benefits to members and their beneficiaries last year, research by the Incomes Data Services reveals.

The private research organisation also found that the average value of pensions in payment last year – on top of state benefits – was almost £4500, up from £4263 in 2000 when the total spent by sch...

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