Stat of the day: £2.8m

The average amount FTSE 100 directors have amassed in their pension pot.

Last Updated: 09 Oct 2013

As retiring employees across the UK face ever-smaller pensions, the same can’t be said for the UK’s top dogs. According to research by Incomes Data Services, half of FTSE 100 directors are still on final salary pension schemes, the average of which is now worth a cool £2.8m. Alright for some, eh?

Apparently, the average final salary scheme for a FTSE 100 director has guaranteed benefits worth about two-thirds of their wage. Given the rapid depletion of final salary schemes, workers (particularly in the public sector) will almost certainly have a thing or two to say about that.

Although, we’d add that recently, the government has promoted a series of tax changes aimed at reducing the benefit from ‘top hat’ schemes. So even those at the top are going to be feeling the pinch soon…

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