FINAL salary pension savers have been warned many schemes could collapse if Britain were to be hit by an economy downturn.
Up to one in five FTSE 100 so-called defined benefit schemes would be at risk in a recession, according to research by Cardano and Lincoln Pensions.
And consumer goods and services firms are the biggest worry, the study found.
The group estimated pension deficits of firms on the bluechip index would surge by around £100billion if the economy took a hit.
A fifth of the schemes would then be at risk of failure, as pension risk soars to 30 per cent or more of the firm’s value.