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    I think You're right to worry Alexander. There is a Worldwide pension problem not unique to the UK. As it stands major American companies will have trouble covering their pension liabilities. GM, for example, have an unfunded pension liability of over $100 billion. Ford said its pensions are now underfunded by $18.7 billion worldwide, up from $15.4 billion which is worrying. They are offering pension buyouts to 98,000 qualifying white-collar retirees and former workers.
    I'm no expert on these matters, by any means, in fact it's shrouded in mystery and an issue where one has to tread very carefully.
    The runes do seem to point to something rather nasty, no matter what the optimists tell you.
    I'd advise anyone in these difficult times to find out as much about these and other financial matters and do one's best to plan accordingly.
    This year and subsequent years is set to be dangerous. When you hear politicians tell you that the problems have been overcome that is the time to worry.

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