Defined benefit pension schemes are on their last legs.

In a recent Money Marketing edition, Paul Farrow, of the Daily Telegraph, notes that
"the baby boomer generation is going to be the last to have the luxury of a decent pension." He also says that just three companies of the British FTSE index now offer final salary pension schemes to new recruits following the changes at Barclays, BP and Morrisons. These schemes add 20 pct to payroll costs.
Farrow writes that the removal of tax relief on dividend income has cost pension funds £150bn according to experts.

The 1997 tax change was sanctioned by the then Chancellor Gordon Brown.
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I have got a deferred pension scheme and I am worried about the pension fund deficits
reported by the big UK companies.