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Another Final Salary To Go.

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This is from the article:

"The firm which owns the Yorkshire and Clydesdale banks has proposed scrapping its final salary pension schemes.

National Australia Bank (NAB) is putting the issue of whether to move to a career average pension scheme to a vote of its 9,000 employees in the UK."

No doubt they're planning to cut their costs, but in principle this move to a career average idea is a good one. Setting pensions by final salary stops people from taking a lesser job within their organisation when they're perhaps old, tired and past their best (got any of those where you work?) If the retirement age is going up then a career averaging scheme will help to stop certain people hogging the top jobs for as long as they can, and could help to re-energise some institutions.

Can think of some public-sector organisations I've worked in where downgrading some of the senior management would have been a Very Good Thing indeed.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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