Originally Posted by
AIMINGHIGH123
Never trust any pension scheme.
Although not related to BA my dad lost a huge amount on his pension. It's practically worthless now and the money he paid in is sickening.
Don't rely just on a pension, got to have other investments.
It is cases like this that made me change my mind from preferring Defined Benefit schemes to the Defined Contribution system. Yes the DB scheme in theory pays out more but the DC system is safer for the individual.