Time to turn the clock back on pensions?
Oh, how pension fund trustees must wish they could turn the clock back to the halcyon days of plump scheme surpluses, pension holidays (remember them?) and the promise that every worker could retire with a nice fat, index-linked income, guaranteed to the end of their days.
Barring the invention of the time machine, such delights are doomed to remain just a wistful memory (and in reality access to the nirvana of generous defined benefit occupational pension schemes was far from universal).
FTfm is no longer updated but it remains open as an archive.
FTfm's specialist writing team offer their insights into the global fund management industry.
Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.
Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.
Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.
Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.
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