Pensions and Benefits draws on information from Monks' management pay database and material from annual reports to provide a comprehensive analysis of pension and benefit practice at director and management levels in parent companies and divisions and subsidiaries.
Separate sections of the report are devoted to practice in parent companies, divisions and subsidiaries. Analysis is provided at six levels of the organisation in parent companies and at five responsibility levels in divisions and subsidiaries.
The report covers:
The report reviews the availability of pension provision in terms of defined benefit, defined contribution and personal pension plans - or no plan - by job level, revenues and sector.
Defined benefit plans are examined and data provided for:
Practice in FTSE 100 and FTSE 250 companies is summarised.
Defined contribution plans are examined and data provided for:
Although the pension earnings cap is no longer applicable post-April 2006 (A Day), many companies retain the concept for contributions to approved plans. Details are provided of the types of unapproved pension arrangement that companies operate.
Further sections of the report analyse practice for other elements of the remuneration package: