Let’s talk about pensions

If you remember The Beatles growing up, you’re probably okay. If Led Zeppelin is more your thing then you’re probably going to be disappointed. And if it’s Kylie Minogue, well you’re doomed on many levels.⇑

Yes: it’s the elephant in the room, the big issue that everyone avoided talking about until the recent Hutton report. Out goes the gold plated final salary scheme, and in comes a new scheme based on career average earnings, which will put an end to that merit award in the last few years of service topping up the pension. Out goes retirement at …