In the late 1990’d when New Labour came to power. The first thing Gordon Brown did was scrap the tax Relief on pension firms. He took 118 billion off pensions paving the way for the end if final salary pensions. Lots of fury at the time, but probably forgotten now. The headlines in the newspapers at the time were “Gordon Brown, steals your retirement “ and others similar comments. He needed lots of cash to implement his socialist plans and that’s where he got some of the money.