It's a sad truth, it's a sorry truth, but this is a problem in the entire pension field. There are several reasons for this. One is these "pension holidays" that many companies took in the late eighties as they were told that the pension funds were fit to burst. Another is that the Actuaries got so much wrong and gave incorrect advice on longetivity. Gordon Brown as Chancellor produced a stealth tax that for the first time taxed pension fund profits.

Not something the Emirates and so forth of this world carry around their corporate necks