General   (General discussion, talk about anything.)

Tonker correct it’s the same principle for all company pension schemes. However, the Government have taken over £4 billion out and left the miner’s ‘surplus’ in to maintain investment returns. In exchange the government have agreed to underwrite the fund and to keep payments in line with inflation. Both of these are worth a great deal in difficult investment times. I know from my own experience, as have countless others, fund values invariably go down in difficult times.