Final salary pension schemes are in crisis because of a lack of sound management by the companies concerned, inadequate legal constraints by government and because Chancellor "Robber" Brown has brazenly stolen £5bn a year from them for several years!
How has company mis management been a cause? BA have always paid in what the actuary has said (NAPS, not APS). The fund has performed better than average (which is all you can hope for in what is, really, gambling)? This is a genuine question, not a statement.
I do agree though the Stinger Brown has robbed us.
Tim - I think you're right.