FIREFLY.
Private pension funds have been raided .
I think raiding private pension funds was one of the worst, most shortsighted policies ever introduced. Most people who have to fund their own retirement in any meaningful way are now very skeptical in taking out a pension. Given that public sector pensions are financed from current income & borrowing, those in the private sector will have to try to fund their own retirement and also their public sector friends'. Anyone else think this is a "House of Cards" waiting to fall?