Directors pensions 26 times average occupational pension

Directors of the UK’s top companies have amassed pensions pots worth an average of £3.8 million, according to the new TUC PensionsWatch survey published recently.

The TUC’s 8th annual survey analysed pension arrangements of 329 directors from 102 top companies and revealed that average transfer value of a director’s pension is £3.8m an increase of £400k in twelve months.  This will provide an average pension of £227,726 pa.

The TUC found the average director’s pension is now 26 times the average occupational pension (£8,736) a fall from last year but still higher than the pre-recession gap.  HR Magazine http://tinyurl.com/358cm6m

About elaineonyc

HR generalist who is passionate about the benefits of good HR practice. Experienced in delivering strategic and operational HR initiatives to clients in both public and private sectors. Specialises in working with SMEs.
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