Campaigners from Visteon Pension Action Group are to meet MP Stephen Metcalfe tomorrow to discuss their grievances against Visteon and Ford.
This follows a meeting in December between Metcalfe - who has taken the lead on the issue in Parliament - and representatives from Ford, blamed by VPAG for the collapse of the Visteon UK Pension Plan
This scheme was established in 2000 following the creation of Visteon UK to take over Ford's UK component plants. Benefits and pensions were transferred to the new arrangement following "copper-bottomed promises" by Ford.
However, the scheme fell into the Pension Protection Fund with a deficit of £348m after Visteon UK was taken into administration in March 2009.
Trustees of the Visteon UK Pension Plan sent a letter to Metcalfe - MP for South Basildon and East Thurrock - in December demanding a parliamentary inquiry.
The current and former elected member trustees believe the process was "orchestrated" and want a House of Commons committee to be established to examine the roles of Visteon UK, Visteon Engineering, Visteon Corporation, and Ford Motor Company in its "constructed demise".
The trustees stated: "This investigation should be undertaken in the context that companies with final salary schemes see restructuring as a way of freeing themselves of their pension obligations."
Issues VPAG wants an investigation to address include: the coercion of employees to transfer from their Ford pension scheme; underfunding and mismanagement of the VUKPP fund; and the weighting of the trustee board in favour of company-nominated directors.
VPAG also alleges that a Visteon Engineering Services manager and VUKPP trustee director ordered the destruction of secret, confidential documents which could be relevant to their complaints.
The meeting with Metcalfe comes as the union Unite continues to weigh up legal action against Ford for misleading employees over the pension transfer.
VUKPP trustees and the PPF filed a £350m claim against Visteon Corporation in April 2010 to recover money for the fund, but it was quickly withdrawn after they concluded the costs and risks of pursuing litigation were too high.
