Summary
EVEN the worst-performing pension plans over the past five years have made a return of more than 6.5per cent a year, once tax relief is taken into account.
But despite better stockmarkets, some companies have been slashing pay-outs since last year, according to the twice-yearly survey by Money Management magazine.See the full content of this document
Extract
Happy Returns for Pensions but Pay-Outs Spoil the Party
For GBP200-a-month with-profits plans begun in mid-2000, "despite recent stock market recoveries, there are five companies whose maturity values are still less than the total gross outlay of GBP12,000, namely Abb...
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