In the next few posts will be some reflections on last years predictions, predictions, some timely praise for commenters' here and sundry other posts.
However (having myself been ill the whole of this week and now back at work), I saw this piece of cheery news and just wanted to share it with everyone. According to this rather, um, how to put it, limited? Piece of journalism all is now well with out pension funds. Those clever actuaries and company directors have turned what was a huge deficit into a nice surplus.
So we will all be paid after all.
This does, perhaps, rather skip over the biggest reason for this change. That is that by closing final salary schemes and pushing staff into much, much worse defined contribution schemes, the problem of retirement has magically gone away.
At the same time the government and its employees have voted to stay firmly with the rather more comfy final salary schemes.
It is a sad reflection at this time of year, of just how much the 'parents' of the 60's generation are prepared to screw their own children in order to finance their own lifestyles. You can be sure none of the actuaries or company directors are in defined contribution schemes.