Did you also read on his blog about the NSL watch manager he spoke to about pensions? He said that the NSL guy "like most people" just wanted the pension issue to go away. Actually Mr Barron, people just want you to go away I think.
I think I am correct in saying Red received a nice big amount of money as compensation for having to leave his old pension scheme.
Also, I believe Red recently got a substantial pay rise... which will of course be fully pensionable (nice work to get that well-above RPI rise in before you push the cap through... nice manoeuvre Red)
And I also believe Red does not have too long to go to retirement... probably before any cap gives any real degradation on his pension.
Absolutely right. You just KNOW that there is no way he will come out of this NOT smelling of roses financially speaking. I console myself with the fact that the Chancellor has at least given him a bloody nose by hking his income tax up to 45%
