Coverage of corporate defined contribution plans is not growing fast enough to fill the gap left by the continuing closure of defined benefit, Trades Union Congress analysis reveals.
Top company directors pensions' have increased 23% in the past 12 months and can reach £250,000 a year, the Trades Union Congress claims.
Proposals urging the government to build upon restrictions on pensions tax relief to help those less well off will not encourage good employer provision, industry bodies say.