The billion-pound black hole

2006-02-10T00:00:00

Final salary pension scheme your balance -£1,000,000,000.00. Available funds: £0.00

With the pensions deficit of the top 20 construction firms topping the £1bn mark, companies are rapidly closing their final salary schemes in a desperate effort to control the situation. Katie Puckett explains why the problem has never been so bad - and what you could stand to lose.

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