UK - Insurance giant Prudential is facing industrial action after talks on the future of its £4.8bn final salary scheme stalled.
Prudential began talks with Amicus–MFS last month after union officials warned that action was unavoidable unless the insurer reversed its decision to close its final salary scheme to new members. The union is also angry at Prudential’s decision to transfer 850 jobs from its pensions customer contact centre in Reading to India.
However, Amicus–MFS section officer Tina Mackay said proposals to end the pensions dispute have been with Prudential for over a month.
But another union source said the lack of action on pensions would force its hand.
Prudential was unavailable for comment.
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