Unison pension strike a step closer

clock

Members of public service union, Unison have agreed to back strike action apposing a Government proposal to increase the workers' pension age from 60 to 65.

The Government is also proposing a move to a basic pay scheme rather than final salary. After consulting with close to 750,000 members via ballot, the union’s strike committee, which authorises strike action, will now decide on the next step on Thursday. Dave Prentis, Unison general secretary says: “Despite strong union opposition, the Government is intent on pushing through these changes a year early for local government workers. This is not a fight we can afford to give up when the average pension for a local government worker is just £3,800 a year.” According to Prentis, low pensi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read
Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read