The company will only want any future changes in one direction, once this wedge gets inserted into NAPs, the game will be lost, wedge will pushed and pushed at every possible point, I would guess at plus 5 years it will have about the same value of the MPS that new staff get now, the company may feel this is a good time to shut-down NAPs and offer MPS to all staff.
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Make no mistake, any changes to NAPs will be the start of the shut-down, the bigger any changes made in 2007 will just speed up the shut-down process.
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For my own pension planning value, I have factored a reduction of 30% between 2007 and 2012, 50% from 2012, these numbers are bad enough but it also appears tax relief on pensions from 2012 will be flat rated at 25% or the basic tax rate at that point, so higher rate tax payers will lose out even more.
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Think I will watch an old Robin Hood film now to cheer me up!!!