False justification for the dismantling of final salary pension schemes

The BBC reported that KPMG predicts 22% of FTSE 100 companies "will be unable to pay off their pension deficits".
The report continues...
"The accountancy firm KPMG says 22% of the firms in the FTSE 100 share index will not have enough spare cash to make the necessary payments.
It says this will prompt many more big firms to close their final-salary schemes to existing members of staff."

I've said this many times before, but I will repeat - I'm sure that this recession has been talked up to for the purposes of the powerful.