I love it how Racedo never answers a question nor counters when a negative fact is pointed out about his employer.
Jack, the pilot scheme is actually in quite good shape. The pain was taken a few years ago when it was de risked and employee contributions were increased to 11%. The AL legal advice is always that AL has no liability. This has to be the case from ALs and its advisors point of view. Consider the implications if someone actually came out and said that AL was or could be liable. There would be law suits galore beteem the scheme, all the advisors, lawyers plus the auditors. Counter suits left right and centre. If you think the raft of "Bertie" tribunals cost a lot then think again. Mind you it would be a win win for the legal profession!