UK - More than 160 scheme members who lost their pensions when their firms collapsed lobbied MPs during the second reading of the Pensions Bill on Tuesday.
The workers – from firms including Allied Steel & Wire, Dexion and UEF – called on the government to make an amendment to the Bill to include retrospective compensation for their lost pension savings.
More than 50 officials from the Amicus and ISTC unions also met with Labour MPs inside the House of Commons to ask for their support.
The unions are also taking action in the European Court of Justice against the government over its alleged failure to implement the 1980 European Insolvency Directive properly.
ISTC general secretary Michael Leahy said: “We hope that MPs from all parties will support justice for the ASW scheme members and others like them.”
Four out of 10 workers do not have an occupational or private pension, a new survey by Amicus shows. The union’s survey of 600 workers found that 21% had a private pension and 24% contributed to an occupational scheme.
Almost 50% of those aged between 55 to 64 had no pension at all.
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