The Occupational Pensions Advisory Service (OPAS) have questioned the safety of final salary pension schemes if a company goes bust or voluntarily winds up.
OPAS is campaigning for the law to be changed to ensure that a company meets their pension liabilities in full in the event of them winding up. OPAS have reported that in a number of cases people were left with significantly reduced pensions after paying into a final salary pension scheme for many years. OPAS has identified that wind-ups are one area where there is particular cause for concern, and these concerns will have to be addressed.
What is a final salary scheme?
More on pensions in general at Pensions Adviser.com.