More on Pensions

Here's news for all the morons who think Gordon Brown's tax changes are to blame for companies closing their final salary pension scheme. The USA has the same problem according to the New York Times : "Even strong, stable companies with the means to operate a pension plan are facing longer worker lifespans, looming regulatory and accounting changes and, most important, heightened global competition. Some are deciding they either cannot, or will not, keep making the decades-long promises that a pension plan involves."