I am just guessing but another reason for attempting to close the scheme might be to steal the huge pension surplus that there is at the moment. Incidently this is not some obscure or esoteric exercise, as an ordinary worker who has been working for nats for 25 years I went onto the CAAPS website recently and I have in my personal pension "pot" between £500,000-£750,000. These are huge amounts of OUR money that the management is attempting to "reform"
Last edited by DC10RealMan; 9th November 2006 at 09:56.