Pension campaigners not deterred by EU opinion

The Advocate General of the ECJ said in her opinion there was not a “sufficiently serious” breach of community law, and the wording of Article 8 of the Insolvency Directive does not require the UK government “to make good shortfalls in pension benefits or that they must act as ultimate guarantor if pre-existing protective schemes are unable to offer adequate cover”. But the Pensions Action Group (PAG) and independent consultant Dr Ros Altmann, say the decision will have no bearing on its fight to get compensation, particularly for the 1,000 Allied Steel & Wire (ASW) workers who, together ...