Our company has been taken over by a larger company and as such the "harmonisation" of contracts process has begun.
Where my previous company paid 8% into my pension pot if I matched it, the new company pays 3% and has increased my salary to counteract the loss.
My question is: Is there any point in paying much into a pension pot? What can we forsee on the horizon for pensions?
It seems that the current retiring generation have been screwed out of their final salary pension scemes and (as I am 30 now) feel that when my time for retirement comes, it will be my time to bend over.