No Free Lunch 

The dark side of pensions

Paul Jackson

The dark side of pensions

‘Nobby’ writes: “That Hispanic bloke in charge of Lloyds was only in the role for five minutes around 2011 when he went off with stress for six months no doubt on full pay and now we find that he was given an uber-inflated final-salary pension when the rest of us are having to give them up… shareholders need to fight back and protect their holdings.”  A bit harsh, but this comment by a Financial Times subscriber echoes widely held views: why aren’t pension rates uniform for all employees, including top executives?

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