UK - Pensions was among the top three causes for industrial unrest over the last year, research by law firm DLA reveals.
The firm surveyed more than 300 employers and 27 trade unions and found the only issues that caused more disputes were pay and working conditions.
DLA’s 12th Annual Industrial Relations Survey said that 11% of employers and 19% of trade unions cited pensions as a cause for disputes over the last 12 months ñ the same result as the previous year.
DLA also found that 20% of trade unions and 79% of employers did not believe the government’s programme and workplace legislation had improved working conditions, pay and security for employees or enhanced business performance for employers.
DLA employment partner and survey co-author Mark Leach warned that the growing need for companies to reduce sch-eme liabilities would lead to more unrest in the future.
He said: “Pensions are at the top of many unionsí agendas and featured heavily again on this yearís TUC conference agenda. It is hard to imagine an employer being able to significantly devalue pension provisions in a unionised workplace without scrutiny by and resistance from a recognised union.
“Currently there appears to be no sign of the perceived pensions crisis abating but as employers continue to look at ways of reducing their increasing liabilities they are likely to be brought into conflict with trade unions.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.