I'd agree with everything you've said except the use of the word "guaranteed" in relation to DB/final salary schemes. Yes, you do receive a pension based on salary and service, but it is not entirely without risk. If the employers goes under and the scheme is wound up the chances are benefits will be scaled back for non-pensioners, because the schemes are funded on the assumption that they will be on-going and not that the trustees will have to buy annuities from an insurance company.
Yes, the government is introducing a pension protection fund to limit this, but the benefits under that will be capped.
Having said that a DB Scheme is still the best to be in, but if I was in one I would be worrying about it if there was any possibility of the company going under.
ps As you've probably all guessed I am in the pensions industry too. And I've had to explain to members that the pension the will get is a quarter of what they were expecting because the scheme is in winding up. It's not pleasant...
The Evening Standard/Daily Mail are the "official media partners" this year. The results are going to be in the Evening Standard today, but I'm not sure if they are printing them in the Mail as well. Bit of a problem if you don't live in London if they don't.
I live in Surrey Quays (more or less between the 9 and 11 mile markers) and I was planning to get dropped off by car rather than travel to Charing Cross to get the train. Does anybody know whether it will be possible to get close to the Blue Start? I know Shooters Hill Road will be closed from 8am, but will the sheer number of runners coming out from the stations make it difficult to get there?