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UK pensions body asks every FTSE firm to detail staff turnover

Staff Writer |
Britain's pensions association has written to the chair of every FTSE 350 company, asking them to give investors more information about indicators such as staff turnover and numbers of full- and part-time employees.

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Fewer than half of FTSE 100 companies publish staff turnover in their annual reports, and only 11 per cent break down their staff by full-time, part-time or temporary workers, the Pensions and Lifetime Savings Association said.

"The management and engagement of the workforce can have a material effect on a company's performance over the long term," the PLSA said in a statement, adding the letter was supported by pensions minister Richard Harrington, and fund firms Newton Investment Management and USS Investment Management.

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