Three major employers have joined the long list of companies to downgrade their final salary pensions.
Barclays is closing its scheme to 18,000 existing members, putting them into one where the amount of their pension is not guaranteed.
BP is closing its scheme to new members and workers at supermarket chain Morrisons will in future be offered pensions based on average rather than final salary.
The biggest union at Lloyds Banking Group has asked for an assurance that the bank will not follow Barclays' move.
Money Box speaks to Joanne Segars from the National Association of Pension Funds and pensions expert John Ralfe about the latest developments.