And why have Final Salary and other Private Sector pensions gone down the pan? Because greedy companies, bosses and shareholders did everything they could to avoid paying into them when times were good. Cries of the pension funds have huge surpluses so the company (not the employees mind) stopped paying in. This despite that fact that even the most dull witted could see that the pension liabilities were going to increase as the population aged. This was totally predictable and facilitated by Bliar/Brown. The real beneficiaries of the deceit are long gone with their piles of shareholder dividends stolen from the ordinary workers.They then made the situation even worse by raiding all the pension schemes as an easy source of tax to through on the fire. No the more recent governments have made any efforts to reverse that insane tax.