UK - Prime minister Tony Blair has agreed to consider proposals by one of his backbenchers to compensate workers who have lost their pensions through company insolvency.
During a private meeting with the MP for Cardiff West Kevin Brennan on Monday, the prime minister pledged to personally analyse plans to re-pay the workers – some 60,000 of whom have lost up to 90% of their entitlements.
Brennan said: “There is such a strong moral case to bring in some form of compensation, not least because trade unions are taking legal action on this issue and they are confident they have got a strong case.”
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.