Why should we hope the employers will do the right thing by the employees? Back during the "good" years....the employers took advantage of the fund valuations to avoid making that years contribution thus when the "bad" years arrived they then started screaming they could not afford to "make up" the shortfall. The concept of saving for a rainy day never occurred to them....they took their bonuses out of the "profit" and stiffed the people that made the money for them.
The employees on the other hand....thanked the Almighty and saved more when possible and cut back on expenses during bad times. Shame the greedy rascals getting the bonuses cannot do the same as those they "manage".
I cannot just wait to see how my "Expatriate Pension Scheme" from Bristow pays off in a few years time. Once in the scheme...you cannot withdraw before retirement age...thus they get the use of your money all these years and you have to "trust" them to do the right thing. Why is it....I have a niggling worry that it might be an empty promise?
One man's opinion!