UK - Unions want new laws which would force firms to consult with employees before any changes could be made to company pension schemes.
Amicus general secretary Derek Simpson said this would prevent firms from imposing cost hikes “while keeping scheme members in the dark”.He said: “Full pension consultation rights would mean that companies would have to treat their employee members as real partners, take notice of their concerns and come to amicable agreements.”
TUC general secretary Brendan Barber agreed.
He said: “The TUC promotes a constructive relationship between employers and trade unions that provides for true consultation and involvement as the optimum environment for high performance working.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers