Pensions - Articles - Historic Royal Palaces offer talks over pension dispute


Working people’s pensions are being eroded at an alarming rate, which will inevitably cause financial problems, not only for future pensioners but for tax payers, says GMB London

 GMB have agreed to suspend Tuesday 8th January strike action at Hampton Court Palace and the Tower of London to take up an offer of further talks from Historic Royal Palaces (HRP). [See notes to editors for previous GMB press releases]
 
 GMB members are to be consulted following the result of the talks and if an improved offer is not acceptable to members the strike action on 15th and 22nd January will go ahead as planned.
 
 Last month GMB members working at the Tower of London and Hampton Court Palace voted overwhelmingly to support strike action with a result of 91% after a turnout of 88%. This was after HRP decided to close employees’ final salary pensions and replace it with an inferior pension despite promises made to them at the time of privatisation.
 
 Michael Ainsley, GMB Regional Organiser said: "Working people’s pensions are being eroded at an alarming rate, which will inevitably cause financial problems, not only for future pensioners but for tax payers who will be asked to make good on increasing shortfalls.
 
 "Successive governments short sighted view that occupational pensions are a matter for employers and their own short term planning must stop or future generations will be left with an unaffordable bill.
 
 "HRPs decision to scrap the final salary pension isn't born out of necessity, but out of opportunity as they see other employers doing the same thing without any scrutiny from government regarding future implications."
  

Back to Index


Similar News to this Story

TPR to sharpen decision making scrutiny after Kodak decision
The Pensions Regulator is introducing greater levels of scrutiny after its decision to allow Kodak to jettison it pension liabilities faced criticism.
CDC schemes could provide better outcomes for members
In responding to the DWP’s consultation on delivering collective defined contribution pension schemes which closed yesterday, XPS Pensions Group belie
Paying pension tax charges is not always a bad thing
The common perception is that people should do all they can to avoid paying these charges. This can lead to some people choosing to leave their pensio

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.