UK/US - Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.
Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.
The union-based Visteon pension legal challenge, which accuses Ford of providing employees with misleading pensions advice, will be heard in October or November next year.
Unilever pension scheme members will descend on the Royal Albert Hall tonight to protest against the company's plan to move final salary members into career average arrangements.
Unions have rejected proposals put forward by pensions minister Steve Webb to reform the basic state pension, saying its cost neutrality "condemns it to failure".
The Treasury has agreed to hold separate negotiations with unions on reforms to the Local Government Pension Scheme after acknowledging its funded status made it different to other public sector schemes.
Government is set to lay out its detailed response to Lord Hutton's reform proposals later today, with contribution hikes set to be limited to workers earning more than £15,000.
Unilever employees are staging a demonstration in Warrington tomorrow over the firm's plans to close its £5.5bn final salary scheme.
More than 700 support staff at the University of Sheffield are striking today over plans to move lower paid staff from a final salary to cash balance scheme.
Campaigners for Visteon workers who lost their pensions when the car parts manufacturer collapsed have taken their fight to the European Parliament.