RHINO,
Yes I know that. I was just keeping my posts economical! Insurance companies may buy-out a scheme but I doubt that any would want to. Many of them have been in trouble of some sort too.
The main worry has to be if the company crashes while there is a deficit or runs into trouble which hits the share price and there is a resulting take-over bid by foriegn interests. That, as you say, is a whole new ball-game.
What we should be directing our energies at is the political interference in long-term retirement investment. I firmly believe that GB's raid on pension funds had far greater consequences than anyone thought possible. It has occured to me that he may have known exactly what he was doing. He is, after all, a declared enemy of the well-off middle classes.
YachtNo1,
Where did you get the estimated £850m cost to APS/NAPS of GB's raid? That is something which, if true, we should shout from the rooftops. We can justifiably take the view that it has been transferred directly from BA pensioners/future pensioners to public-sector employees on guaranteed index-linked FS pensions.
Last edited by Wingswinger; 24th December 2005 at 07:56.