SIR – Amid the furore instigated by the freezing of age-related personal allowances, comes news that Morrisons is launching a groundbreaking new pensions scheme that will produce a guaranteed fund upon retirement, delivering a predictable pension pot irrespective of the funds performance, (T&A Business, April 4).
This innovative pension scheme will be managed and underwritten by the company who will also match the contributions of staff who buy an annuity – probably making it the best BOGOF offer ever.
D Rhodes, Croscombe Walk, Bradford
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