FDs fear personal pension shortfall

In addition to worrying about the pension deficits of the companies they run,
over a third of the UK’s finance directors are also concerned about their own
personal pensions.

Of the 288 FDs polled in this week Accountancy Age/Reed Finance Big
Question, 34% said they had not made adequate provision for their retirement.

Some even said they did not trust company schemes in general, for which they
are responsible, raising further serious questions about the pensions crisis in
the UK.

Almost 60% of the respondents, however, were confident that they had put
aside sufficient funds for retirement, but remained wary that market and
economic conditions could alter their positions.

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