I must say I have read this all with interest...however let us be aware that all private companies would prefer to get out of final salary pension schemes.
There will be a greater demand on our pension "surplus" as not only are we approaching a retirement bulge, but also more people are retiring early.
Add to this those that will be made redundant before they reach normal retirement age and the numbers start to rise quickly. The fund has done well but I think that any pensions holiday should be deferred for some time (1 year?) until we see how the economy pans out. Yres, TAG are entitled to this "holiday" but the timing could be better.
Will the 6 monthly review have actuarial advice? I wonder.......
