UK - The black hole in company pension schemes will hit government spending plans as corporation tax revenues plunge by up to £2bn, bosses warn.
The Confederation of British Industry claims firms will have to make additional pension payments of up to £8bn this year and rising to £16bn in 2005 to plug pension deficits. The CBI estimates the...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
