Trade unions to launch pensioners' charter
Sunday 06 September 1992
Three of Britain's largest unions - the TGWU, GMB and MSF - are among the initiative's backers. It demands that the majority of a pension fund's trustees are chosen democratically by the scheme members. This challenges the practice in many schemes under which most of the trustees (in some cases, all) are appointed by the employer.
Bill Day, pensions officer with the GMB, said recent problems and scandals associated with occupational schemes might have been avoided if the pension beneficiaries had had overall control.
Wednesday's unveiling of the charter will be followed by a conference in London on 1 December to establish a national association for trustees who represent pension fund members.
By coincidence, Wednesday also sees the launch of an attempt to set up a Pension Trustees Forum, intended to offer specialist advice to trustees.
Meanwhile, groups of pensioners are seeking ways to collaborate. Michael Smedley, chairman of Impac, the Imperial Group pensioners' action group, has invited other groups to discuss establishing an umbrella organisation. Impac itself fought a long battle, including High Court action, to defend its pension scheme after the company was taken over by Hanson.
Pensioners' organisations can contact Impac by writing to Mr Smedley at Bericote Fields Farm, Blackdown, Leamington Spa, Warwickshire CV32 6QR.
- 1 Is this bridge haunted by the ghost of nu rave?
- 2 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 3 The West has it totally wrong on Lee Kuan Yew
- 4 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
- 5 Noel Gallagher: I lost sh*tloads of money, a few million, didn’t tell my wife
Is this bridge haunted by the ghost of nu rave?
Saudi Arabia says it won't rule out building nuclear weapons
Germanwings plane crash: Andreas Lubitz 'had eyesight problems' and woke from nightmares 'screaming we’re going down'
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
Revealed: Putin's army of pro-Kremlin bloggers
The West has it totally wrong on Lee Kuan Yew
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...