Pension schemes have less than 11 members - Bee

Furthermore, Scottish Life's head of pensions strategy reveals the number of 'live' occupational pension schemes in Britain have dropped with about 6% over the past year. Out of the 94,071 'live' schemes existing today, 75,864 have less than 11 members, Bee says. "So a typical pension scheme in the UK today is in the business of providing pensions for just a handful of people," he points out. In the light of recent efforts by the government and industry to reverse this negative trend, he says: "Over 6,000 pension schemes dropping off the edge of cliff is hardly encouraging news at...