March 19, 2005
Pensions Panic: All worked up as nobody signs up
At leading newsagent WH Smith, 82% of eligible employees have rejected the company's defined contribution scheme... At leading chemist Boots the situation is worse, with 92% or 30,000 eligible employees not signing up... At Mitchells and Butlers, owners of national pub chains like All Bar One and Harvesters, a staggering 97% of eligible staff have not joined
Common denominator here? Lots of low paid workers. I would bet there's a v. strong correlation between your income, the size of your employer's contribution, and the likelihood of you being in a pension scheme...
Posted in: Dismay
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