- BA took several years pension holiday, depriving the scheme of funds when the Sun shone.
- BA has continually sought to split the schemes APS, APS1, NAPS, BARP to split liabilities and isolate groups to fight one against the other.
- Other schemes, notably Boots switched from equities to bonds early in the market crisis, neatly sidestepping the worst of the damage. Pity we never had inspired guidance like that.
- And one last one that knocks all the others inot a cocked hat:
Gordon Brown and his cronies began plundering the pension wealth of every scheme in the UK as soon as they came to office. Persecuting the wise and the careful to give without measure to the feckless and irresponsible, firehosing the public sector with billions of pounds.
When all the family silver was gone, he mortgaged and borrowed his way to bankruptcy, and sold every treasure we had. Even the Bolsheviks were never so reckless.
Wasted, every
penny. There are no words to describe the iniquity of them. We will never recover.