FS schemes have traditionally been better for the employee. But times are changing. FS schemes are very expensive for a company whose management of the funds has not been as efficient or as lucrative as anticipated - or raided by the company! Those FS schemes which are still in existence will be cut back, very few FS schemes will be on offer in the future.
The MP scheme is the future despite the lower returns. Efforts need to be made to get the MP schemes in existance as benficial as possible - and to attempt to proof them as much as possible from the periodic downturns in the fiancial markets and the 'inneficient' (dishonest in some cases) way they are managed.
I for one would be very nervous if my pension was held by a company whose pension fund shortfall exceeded the value of the company. BA......ooooer!
