PensionsWatch 2011

Directors of the UK’s top companies have amassed pension pots worth an average of £3.9 million, according to the TUC’s ninth annual PensionsWatch survey published today.

PensionsWatch, which analyses the pension arrangements of 362 directors from the FTSE 100 companies, shows that the average transfer value (pension pot) for a director’s defined benefit (DB) pension is £3.91 million – providing an annual pension of £224,121. The biggest pension pot in this year’s survey is worth £21.5 million.

PensionsWatch shows that the average director’s pension is 23 times the average occupational pension (£9,568), and 34 times bigger than the average public sector pension (£6,497).

The survey shows that despite the move away from DB pensions for most workers, the majority of companies (58 per cent) still provide these schemes to at least some of their directors. For the first time however, a minority of directors (145) are in DB schemes.

The report makes for interesting reading and is useful for us as fundraiser’s and researcher’s in helping to understand more about director benefits and compensations. You can download the full report for free here.

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