Posts Tagged ‘Pension Schemes’
Follow BAe Systems’ lead on pensions
It is good to see that some employers actually respect their employers and will do everything in their power to ensure the likes of pensions stay as stable as possible for the future.
It would be even better to see a few other major players in employment follow BAe Systems’ example.
Follow BAe Systems’ lead on pensions
Unite, the UK’s biggest aerospace and engineering union, today (Monday) welcomed BAe Systems’ announcement that it will not be changing any benefits or asking workers to increase their contributions.
This good news comes despite an increase in deficit of the BAe pension scheme.
Fear of pension scheme’s
Many businesses are worried that pension schemes could have more of a negative affect on their business, than a positive one.
This comes after statistics revealed that around 90 percent of companies expressed they were worried about the affect pensions schemes would have on their business.
Nine out of 10 companies are worried about the impact their pension scheme will have on their business, research showed.
Around 90% of firms that still offer a defined benefit pension said they were concerned that the scheme’s trustees would ask them to increase their contributions to it at a time when they can least afford it.