Black hole in final salary pensions hits all time high
Posted by seumasach on June 13, 2012
The black hole in British companies’ final salary pension schemes has grown to a record £312 billion as stock market turmoil and the Bank of England’s policy of printing money have massively increased pension deficits.
13th June, 2012
In the last month alone, the collective deficit of the country’s 6,430 remaining private sector final salary funds has grown by almost 50 per cent or £95 billion, according to official figures from the Pension Protection Fund (PPF)