Peter47
I agree I see dangers ahead. I worked in a different industry, but noted the same general thinking. A real problem as I see it, is for retired staff. If BA goes bust (I have no indication that is imminent) then what happens to the pension fund black hole? Government will pick up some of the debt in my industry, but not all. That is a major problem of allowing pension funds to have black holes in the accounts. Its all based on the continuing payments from the employer - which if they go bust won't happen. Quite how accountants can say its "OK", I really don't understand - its morally corrupt, if legal. Pension is deferred pay and should be 100% protected.