And how did we get into this mess in the first place?
There is of course one obvious solution to the NAPS pensions crisis - raise the retirement age. So why is this not being explored in more depth? Because our incompetent Government will shortly impose age discrimination legislation without having given industry any notice of the form this legislation will take. I cannot believe that more invective is not being directed at Gordon Brown. He has raided the pensions pot of private industry in order to support massive pay and pension rises for the public sector.
And what is the Government's response to the problem? The Pensions Protection Fund, that will require cash-strapped companies to find ummm... more cash to create an extra insurance fund. How dim-witted is it possible to be?
Surely there is some financially-savvy newpaper editor out there who can publish the fact that this pensions misery for millions of workers in the private sector was created and exacerbated by the Government.