UK - Trade union Amicus is hopeful the green paper will propose greater pension rights for employees following top level talks with the government.
The union’s general secretary, Roger Lyons, met work and pensions secretary Andrew Smith to present Amicus’s own proposals.
These call for pensions to be covered by employment contracts, protected in TUPE transfers and negotiated by recognised trade unions.
After the meeting, Lyons said he had “high hopes” that the green paper – which will be unveiled on December 17 – will include these and other “minimum” protections, such as consultation rights on changes to pensions.
The two sides also discussed issues such as compulsory contributions and the creation of a central discontinuance fund.
Lyons said: “Employers are tearing up pension promises with no consultation.
“It’s a scandal. The government must take action now as employers are closing down DB pension schemes daily.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.