There's no getting away from the fact that legislation should be in place to safeguard the individuals' pensions and not for want of a better term allow companies to 'turn the tap off' when the going gets rough.
Yes, FANS is correct about the PPF but it must be appreciated that with 3% inflation it has been calculated that your pension is worth half in twenty years time. The money you've paid in long-term to cover this eventuality simply disappears into the coffers of somewhere, I know not where.
Been there, done it with bmi! There were no warning ever given about the security of our scheme until steps were taken by certain parties to ensure. it's eventual demise.
Good luck to all of you.