UK - Only 27% of FTSE 350 directors are accruing only defined benefit (DB) pension benefits, a recent Watson Wyatt survey has found, showing the decline of DB has now hit the boardroom.
The survey also found 36% of FTSE 350 executives currently receive a cash allowance instead of accruing further pension benefits; 13% of senior executives have no benefits explicitly linked to reti...
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
