exdos said:I strongly disagree with that point. When Labour took over from John Major's Tory government in 1997, the UK Economy was in the best shape that it had been in for decades. But that wasn't enough for Gordon Clown: he imposed a windfall tax on the pensions, which has crippled them now. That was predictable.
The biggest thing that happened to screw the pensions was the pensions holiday that was given to corporations so that they didn't have to pay in. They built up their own shortfall and that idiot Brown compounded it.