“The majority of directors can only dream of a generous retirement pot. Our recent survey shows that only one in seven IoD members have gold-plated occupational pension schemes, compared with six in seven in the public sector.
In February 2009, the IoD carried out a survey of 980 IoD members. It found that, contrary to myth, most directors do not have gold-plated company pensions. Almost half (45%) have no occupational or employer-sponsored pension scheme at all. Just 12% of directors are members of defined benefit schemes, the same proportion as in the private sector as a whole and compared with membership of defined benefit schemes in the public sector of 90% of employees.