The pension funding crisis is causing problems for companies, as life expectancy increases.
So the blog was interested to learn that drinks giant Diageo is to hand over whisky worth £500m ($750m) to its pension fund, to help bridge the deficit.
Apparently the pensioners won’t be expected to drink it, in lieu of their pension. Instead, it will act as collateral, and help to reduce funding costs.
Would this work in the chemicals sector? Sadly, a barrel of industrial grade alcohol probably wouldn’t carry the same allure. We’re obviously in the wrong industry.