Pensions gulf revealed

THE gulf between bosses’ lucrative pension deals and what their staff get has been laid bare in a new report.

More than half of FTSE 100 firms paid their bosses pension contributions equal to 25pc or more of their annual salary, says consultant Lane Clark & Peacock – breaching Investment Association guidelines.

This is four times more than contributions for the average employee, at 6pc.

At ten firms chief executives get eight times the average staff contribution.

It comes amid growing anger about pension deals, which critics say have been hiked to make up for cuts to bonuses. LCP said some firms had changed tack, but added: ‘ There is clearly some way to go.’