Calculating the cost of fat cat pensions
A press release from the TUC caught my eye this morning. Headed Taxpayers spending twice as much on private sector fat cat pensions than on public sector pensions, it contributes to the debate about the affordability or otherwise of public sector pensions in the UK.
Publicising a new pamphlet, Decent pensions for all, the TUC says taxpayers are spending £2.50 subsiding pensions for the richest 1 per cent for every pound spent on paying pensions to retired public sector workers.
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Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.
Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.
Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.
Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.
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