Underfunded FS pensions

I have often thought that the crisis is more a function of the Pension Regulator and the news media combined than any real problem with FS pension schemes. If the Regulator had more flexible and generous guidelines (pace local authority and public sector schemes with many more years to deal with underfunding than private sector companies - why?), and the media didn't race to produce fearful headlines and copy, then much of the problem would be sorted out simply with the higher overall contibutions now being made by all concerned, the sensible pension changes being negotiated and agreed between companies and their workforces (and not forced by government - bad start Coalition), and with the passing of time.

Posted by: Orlando Furioso