{"id":165,"date":"2007-09-06T14:32:13","date_gmt":"2007-09-06T14:32:13","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/pensions\/directors-have-891m-pensions\/"},"modified":"2007-09-06T14:32:13","modified_gmt":"2007-09-06T14:32:13","slug":"directors-have-891m-pensions","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/09\/06\/directors-have-891m-pensions\/","title":{"rendered":"Directors ‘have \u00c2\u00a3891m pensions’"},"content":{"rendered":"\n\n\n
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\"Till<\/p>\n
The report could lead to more “fat cat bosses” claims<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n

Directors of the UK’s top companies have amassed pensions worth \u00c2\u00a3891m, according to a report by the Trades Union Congress (TUC).<\/strong>The average company executive can now retire at 60 on a final salary pension worth more than \u00c2\u00a33m, says the TUC’s latest annual PensionsWatch survey.<\/p>\n

This works out at \u00c2\u00a3193,000 a year, says the study, more than 25 times the average UK pension of \u00c2\u00a37,500 a year.<\/p>\n

Over the last year, directors’ pensions have increased 15%, the TUC adds. <\/p>\n

‘Super-rich’<\/strong><\/p>\n

The biggest executive pensions are now worth \u00c2\u00a3320,000 a year, more than 42 times average staff pensions, the report alleges.<\/p>\n

One pension was found to be worth more than \u00c2\u00a31m a year, it says.<\/p>\n

“Top executive pay has already created a new group of the super-rich who float free from the rest of society,” said TUC general secretary Brendan Barber.<\/p>\n

“This report shows that this does not stop with their retirement.<\/p>\n

“Too many top directors have gone on closing or cutting schemes for their workforce, while keeping gold-plated pensions for themselves.”<\/p>\n

The TUC study looked at members of the FTSE 100 index of the UK’s 100 largest listed companies and other big employers.<\/p>\n

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The report could lead to more “fat cat bosses” claims Directors of the UK’s top companies have amassed pensions worth<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[36],"tags":[],"class_list":["post-165","post","type-post","status-publish","format-standard","hentry","category-pensions"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=165"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/165\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}