UK - Unions are threatening to take transport contractor Alstom UK to court over the way early retirement penalties were added to the final salary pension scheme.
The French-owned company has doubled the penalty from 2% of salary to 4% for anyone retiring before the age of 65. But many staff said they were unaware the company had made the changes as it an...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date