UK - A Labour MP is to reintroduce a Bill to parliament that aims to force trustee boards to include a pensioner or pensioner-nominated representative.
Coventry South MP Jim Cunningham first sought to change the law in 1996.
He said: “Pensioners feel they are being left out of all sorts of things and you can understand why in some cases.”
Cunningham, who has the backing of Nuneaton MP Bill Olner, is looking for recommendations or advice from anyone who wishes to write to him.
He said: “When we are ready, we will circulate it to people in the Commons seeking support.”
Both Cunningham and Olner are former employees of Rolls Royce, where pensioners are currently rallying for representation on their board of trustees.
But the Coventry and District Association of Rolls Royce Pension Fund Members’ chairman Tom Goodall has been told by trustees, that the idea will not be considered until 2005.
Last year members threatened legal action against the Rolls Royce Pension Fund and claimed the scheme had ceased communicating with them.
Pensioners are concerned at reports that Rolls Royce’s pension funds, which are valued at £4.2bn, face a combined deficit of £1bn.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.