Not sure it was the Armed Forces Redundancy package that was changed. Statutory Redundancy terms were changed as labour left the house, however terms agreed under the acceptance of AFCS06 have not yet been changed i.e. 12 months pay if 4yrs left, 9 mnths for 3yrs, 6 for 2 etc. I don't think terms of service can be changed just like that without a fight.
Don't think much for those wishing to join up in the future or those accepting a change of TOS due to promotion etc. I suspect any new pension and compensation terms will be very poor. I had also heard that Sqn Ldrs aren't being offered service to 55 now as a matter of course on promotion...