£7bn blow for final salary pensions

Dave Thompson/PA Archive/Press Association Images

If you still have a final salary pension, you may be feeling pretty proud of yourself. As all those around you fell by the wayside onto less generous pensions, you were safe in the knowledge that whatever happened, your payout was guaranteed.

However, today you may be feeling somewhat less safe, as the government is considering changing the legislation - which could have a massive effect on your payouts.