UK - Barclays could modify its plans to close its final salary scheme to future accruals in a bid to address the concerns of thousands of workers.
Chairman Marcus Agius told attendees at a shareholder meeting - held yesterday to approve the firm's sale of its asset management division, Barclays Global Investors, to BlackRock - the firm could modify its plans for the pension fund, which is £2.2bn in deficit.
He said: "We are currently reviewing the situation in order to assess what enhancements we could make to the proposals to alleviate those concerns."
Unite members protested outside the meeting - carrying placards stating "Hands off our pensions" and handing out leaflets to shareholders.
Unite national secretary Keith Brookes said: "Barclays staff are protesting to make it clear that they are incensed by the decision to close their valued pension scheme.
"Our members will not accept this decision by the bank to erode their pension arrangements."
This comes as staff are due to be balloted for industrial action over the plans to close its final salary scheme to future accruals.
Unite said 92% of staff said they wanted to be balloted on industrial action in a consultative poll.
The union said the industrial unrest would significantly affect the operations of Barclays and the service the company provide to its customers.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.