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United Kingdom Pension Crisis Deepens for Millions As Pay-Outs Halved Over Past Decade
The Scotsman via Human Resource Executive Online Link to more items from this source
Sept. 22, 2006
Excerpt: Experts said falling interest and inflation rates, cuts in bonus payments and government fiscal policy were responsible for the fall in pay-outs which has affected millions of pension savers. The survey, by Moneyfacts, an independent provider of personal finance information, comes amid a burgeoning pensions crisis, with companies shutting their final salary schemes and experts warning that the government will have to substantially increase state pensions.

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