FSA takes lead in staff pensions

FSA takes lead in staff pensions

THE Financial Services Authority (FSA) is leading the way in introducing flexible pensions and other benefits for employees in a move that could set the standard for 21st Century pay schemes, according to the Employers' Forum on Age, which holds its second annual conference tomorrow. Under the approach, employees are given greater choice in relation to the three main components of their earnings - base pay, benefits allowance and pensions contribution. Howard Davies, chairman of the forum, and also head the FSA, said package "is exactly what employers need to encourage a mixed- age workforce".