Danny Alexander's speech yesterday made for depressing reading. The Liberal Democrats want to target the pensions of "high earners" (not my phrase, but always good for a left leaning legislator to trot out) in order to fund further spending on the NHS. The ginger rodent announced that he'd cut the lifetime allowance to £1m (from - currently - £1.25m).
This'll affect middle managers on Final Salary schemes far more than those on Defined Contribution ones.
So, you're a sqn ldr leaving at your option point with a second career in front of you.. you'd best watch out - stand by to declare protection or make sure you press for remuneration benefits with your second employer other than reliance on an occupational pension scheme. The thing is, we can't even hold out much hope that the rest won't do the same. Especially if Clegg is happy to hot bag with Labour.