UK - Around 100 scheme members who lost pension savings when their firms collapsed, marched on Downing Street on Saturday - despite the government's £400m offer of help.
The march was organised by the Pensions Action Group with some members dressed as suffragettes while many carried loaves of bread to symbolise how much the fund would give each person who had lost out.
Action group member Andrew Parr explained that the government’s offer to the 60,000 people affected worked out at about £1 a day over 20 years – “just enough to buy a loaf of bread”.
He added: “The march was visually one of the best protests we have carried out and we were surprised by how many people thought the government had now solved the problem. As soon as we broke it down for them, they were right behind us.”
The suffragettes chained themselves to Downing Street gates before marching on to Victoria Tower Gardens where they stopped at the statue of suffragette figurehead, Emmeline Pankhurst.
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.