UK - Seven trade unions are pushing ahead with a legal challenge over pensions laws which, they say, discriminates against gay couples.
The unions say they are determined to sue over the legislation despite government plans – unveiled in the Queen’s Speech – to recognise civil partnerships between same-sex couples. This will give registered gay couples equal pension rights to married couples.
The trade union group – which includes Amicus and Unison – argues that gay couples should not have to register their relationship to receive pensions.
A spokesman said: “A couple who have been together for 20 years should not have to marry to receive benefits. On that premise, we are not giving up.”
The group – which is awaiting a date for the initial hearing to be set by the High Court – claims the government failed to implement the European equality framework properly.
If the group’s action is successful, schemes could be forced to give gay couples equal pension rights as married couples.
Decumulation and pensions were the least complained about products in the second half of 2017, according to the Financial Conduct Authority (FCA).
The £46bn Northern Pool set up by three local government pension funds has selected Northern Trust to provide a broad range of custodial and administration services.
Smart Pension is to launch a smartphone application with animated financial illustrations, which will allow savers to change their contributions and investments with just a tap on a screen.
David Harris says we should look to experiences and innovations in New Zealand, Australia and the US