Those with private sector employers or who are self-employed - and that's most of us - have every right to be worried. Your fund could be hit by financial market turbulence or by your employer becoming insolvent. You are most at risk if you have a final salary scheme - in the past, many funds have been grabbed by the directors to bolster failing companies. But if you work for the government, or any other body backed by the state, you're laughing. Government pensions are paid out of tax money - there is no investment fund behind them, so there is nothing to fear. A detailed question and answer section on various pension options is provided.
The Guardian