Final Salary Schemes Face Funding Difficulties
A report from NAPF warns that three quarters of employers expect funding problems
19th November 2004
The latest annual survey by the National Association of Pension Funds (NAPF) warns that more than three-quarters of employers with final salary pension schemes expect to face future funding difficulties.
The results come despite the fact that more than two-thirds of employers have increased their contributions to the funds to ease pressures.
The NAPF acknowledges that longer life expectancy and lower investment returns are partlt to blame for the difficulties funds are facing, but also blames the government for increasing costs while failing to reduce red tape or boost incentives.
Read More: NAPF Press Release
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