Just 3% of UK firms offer final salary pension deals with the bulk opting for money purchase schemes
November 17, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Just 3% of City law firms are running final salary pension schemes for their staff, according to the latest Big Question survey.
The survey, which comes hard on the heels of Nabarro Nathanson’s decision to shut down its final salary pension scheme, confirms that the bulk of firms (68%) offer money purchase schemes for their staff, with a further 3% offering such schemes to senior staff only.
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