UK - Trade union leaders are taking the government to the European Court of Justice over pension benefits for steel workers.
The action is being led by Amicus which said the “gloves were off” in its fight for compensation for workers employed by ASW.
Amicus AEEU head of pensions Julian Richards said: “This is about making sure that the proper legislation for member protection is implemented and compensating those that have lost out significantly.
“It is unacceptable that the directive wasn’t implemented properly and that we’ve got members who have lost their life savings and their future.”
Steelworkers’ union ISTC is also considering legal action but hopes the government will “see sense” and offer ASW members compensation for the scheme’s insufficient funding.
ISTC general secretary Michael Leahy said ministers should take responsibility for the failure of the present and previous governments to safeguard scheme members’ security.
The ISTC believes it has grounds for legal action under the 1980 European Insolvency Directive, which requires governments to introduce measures to protect workers’ pensions if their employer becomes insolvent.
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.