Employers support pensions despite rising costs

A joint survey by the Confederation of British Industry (CBI) and Mercer Human Resource Consulting reveals extra contributions companies are making to defined benefit (DB) pension schemes to cover deficits are hitting profits and affecting the money available for future investment. The survey of over 350 chief executives, chairmen and senior board members, employing around 900,000 staff, shows despite rsing costs more than three-quarters are committed to providing employees with an occupational pension scheme. In addition 86% want to see staff reach retirement with adequate savings, whi...