Agreed StraightDave
Judging by some comments heard on "Galley FM" recently there seems to be a misunderstanding of how the PPF works and the 30K figure. Lots of folk do seem to think that if their pension is less than 30K the PPF will fully fund it if BA goes under. As you say it won't.
Makes about as much sense as: "what we need now is a really futile gesture"..( if you're old enough, you'll understand!)