At Warwickshire we have SP2010 and have implemented using the standard SP version control and approval. We set approval on, major and minor versions on, keep drafts for the last 2 major versions with no limit on major versions.
Once a document is published and approved, then SP keeps track of previous versions. The way we have this set up on permissions, is that all staff have read only permissions (apart from contributors and owners), so they only see the latest version.
It does cause complications if you wish to keep to strict retention/disposal based on dates but we took a more flexible approach.
Andy Morrall
Information Manager
Warwickshire County Council
01926 476882
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