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Page last updated at 12:41 GMT, Saturday, 18 July 2009 13:41 UK

American Express pensions

Staff at the UK office of American Express have been told it will stop making contributions to their pensions for the next 18 months.

It is thought to be the first employer with such a scheme to stop making any contributions.

Money Box asks Rash Bhabra, head of Corporate Consulting at Watson Wyatt, if others will follow suit.

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