Employers offering final salary schemes should read The Guardian's piece on how these schemes are likely to hit companies hard. Nobody seems particularly happy about them.
The other angle on this story is brought out by the BBC, which reports a widespread belief that last year's Pensions Act will actually reduce the amount of money in the system so people will eventually get smaller amounts when they retire.
So, the coverage I've seen suggests the employers, unions and employees will be hit hard by the current pensions regime, and we're all going to have to work until we're 70 anyway (mostly because we're living longer than had originally been anticipated). If anyone reading is in favour of the current system and wants to redress the balance in the commentaries so far, I'd be very pleased to read your side of it.
Coming by about midday: an entry on interest rates, as if you hadn't guessed.
