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Sunday, May 17, 2009

Bailed out Bankers Hit The Pensions Jackpot

More than 20 former bank directors are benefiting from staggering retirement plans, with actual or potential pension pots worth a combined total of more than £111m. These are paying out yearly pensions of £6,430,000 between them.

The findings are part of a damning new exposé of some of Britain's top bankers to be broadcast on Channel 4's Dispatches programme tomorrow.

The select group of wealthy bankers will remain unaffected by the economic catastrophe facing millions of Britons. Many have already been able to give up work years ahead of state retirement age.

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