UK - Scheme members who lost up to 80% of their pensions under a "Bradstock-type" deal have been thrown a lifeline by deputy prime minister John Prescott.
Workers laid off by Shipham Valves – which is based in Prescott’s Hull constituency – claim trustees were negligent because they ignored the advice of actuarial firm Garvins to reduce the scheme’s ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
