Hey Guys, I've been a lurker here for a while but never registered as I basically couldn't be arsed- until now.
The Pension is something we all really need to think long and hard about. OK there's a shortfall but we're living in troubled times, there's a downturn in all investment packages at the moment. Why have we been investing in such High Risk areas? Mis-management perhaps?
Were we to do nothing and the market return to its previous heady heights BEFORE the 18 month deadline for NATS to go to the Wall would we have our previously, very well performing pension reinstated? I think not.
This has been an area that the Barron administration has been tasked with destroying, not necessarily by HMG- our majority shareholder, but by the Airline Group- with the desired outcome of making us a reduced risk, more deisirable investment opportunity. The AG then has a chance of making a killing on the initial paltry sum the shelled out for us at PPP. Recent financial and market downturns have contrived to give PB exactly the scenario he wanted to achieve this goal. A quick look at
Business consulting services - NATS lets us know the real agenda. Oh, you'll need to look at the comments bit on the pensions issue on natsnet to see what I mean. There have been changes made to the "Operational Change" sub-heading since their original content was highlighted in the pensions comments.(original text available on request).
Anyway, there is no doubt that, as it stands, our pension scheme needs a helping hand. It is very doubtful however that a 2-Tier scheme is going to be beneficial to any employee.
We need to vote a resounding
NOto the current proposal. This is the first attack on the scheme. Were we to roll over this time the next assault would not be far away- long before the proposed 15 year review.