Re: I suspect that there will come a time
*First* the pension fund; *then* the dividends.
The problem with that logic, is that the vast majority of shares owned in the FTSE 100 are owned by pension schemes. The dividends ARE the pension fund.
DB schemes are simply too expensive to fund, and there's no reason for investors to hold shares in a company (ie to own the company) if they're going to come after the staff in terms of consideration.
I realise those facts won't be popular in these parts, but that doesn't change the point that they are facts, not opinions.
Biting the hand that feeds IT
