What to do about the UK's workplace pension mess

Collective deficit in final salary schemes is estimated to have risen to close to £1trn

Piggy bank pensions

The appalling state of some of the UK's workplace pensions has been brought onto the front pages of the national press in recent months thanks to the BHS mess.

The high street retailer went into administration back in April leaving with a £571m hole in its pension scheme, which might now have risen to £700m. It was terrible news for BHS employees but the retailer is not alone.

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