The top company bosses retiring on £175,000 a year... but the typical worker gets just £6,000Bosses of Britain’s top companies look forward to an average pension of £175,000 a year, while the average private sector worker will have to struggle by on less than £6,000.
A report has revealed the shocking scale of the pension divide in which company chiefs are retiring on the types of sums their employees can only dream of.
It showed the average FTSE 100 director has amassed a pension nest-egg worth £3.6million.
And, as if these giant sums were not enough, almost a third of executives are supplemented with additional cash payments averaging £161,000 – because they have filled their pension pots beyond the maximum allowed under generous tax relief rules.
Deborah Hargreaves, chairman of the High Pay Commission, accused bosses of hypocrisy for demanding that ordinary workers suffer cuts to their pension provision while laying up millions to finance a life of luxury in retirement for themselves.
