UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Wednesday, 7 September 2011

Fat Cat Pensions Bonanza

The TUC's annual PensionsWatch survey is published today and highlights that Directors of the UK's top companies have amassed obscene pension pots worth an average of £3.9 million: http://www.tuc.org.uk/tucfiles/73/

  PensionsWatch analyses the pension arrangements of 362 directors from the FTSE 100 companies, shows that the average transfer value (pension pot) for a director's defined benefit (DB) pension is £3.91 million - providing an annual pension of £224,121. The biggest pension pot in this year's survey is worth £21.5 million.
  The survey shows that the average director's pension is 23 times the average occupational pension (£9,568), and 34 times bigger than the average public sector pension (£6,497).