UK - Twenty-one Gurkhas will take their fight for the same pension rights as British soldiers to the High Court next month.
If the case is successful, the Ministry of Defence could face claims from thousands of former Gurkhas and a total bill of around £2bn.
The Gurkhas’ solicitor, Phil Shiner, said: “The Gurkhas have been treated disgracefully and discriminated against for years. They have much smaller pensions, are paid less, have less prospects for promotion and worse redundancy terms.”
He said that more than 30,000 Gurkhas have retired from service in the British Army without any pension or adequate living allowance and widows have not been compensated for their loss.
Cherie Blair QC will represent the Gurkhas.
A new criminal offence of neglecting pension responsibilities will be announced in a pensions white paper this week, the prime minister has confirmed.
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.