Re: bollocks
"It's still better than the UK government on SERPs, State Second pension etc. where you get nothing back for anything you've paid over the basic NIC level."
Glad someone else, other than me, feels this way. I didn't contract out, paid the extra and had it all, effectively, stolen in the "ponzi scheme" of state pensions.
As for BT - I was in a company brought into BT and was on the BT Retirement Savings pension... People who had joined BT at the same time as me got the final salary scheme. I can tell you know that the money purchase pension scheme gets you bugger all annuity from Standard Life. My £200K pot is just ~£4K/year. I'd have much preferred the final salary scheme. I hope the unions and employees fight the change.
Biting the hand that feeds IT
