Barclays staff to be balloted for strike action over scheme closure

Jonathan Stapleton
clock

Barclays staff are to be balloted for industrial action over the company's plans to close its final salary scheme to future accruals.

Trade union Unite, which represents over 25,000 staff within Barclays, said its members were "incensed" at the proposals - noting 92% of staff said they wanted to be balloted on industrial action in a consultative poll. Unite said it would hold the ballot in August, with potential strike action taking place across the bank in September. It said the industrial unrest would significantly affect the operations of Barclays and the service the company provide to its customers. Unite joint general secretary Derek Simpson says: "It is unacceptable that Barclays is proposing this unilateral ch...

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 Pensions

'A problem at the very top': Adviser campaigns for better overseas advice guidance

'A problem at the very top': Adviser campaigns for better overseas advice guidance

When is it safe to say the QROPS solution is the right solution?

Isabel Baxter
clock 29 October 2025 • 5 min read
UK pension funds join forces with government to launch Sterling 20 initiative

UK pension funds join forces with government to launch Sterling 20 initiative

Chancellor joins 20 pension providers and insurers to drive growth across the UK

Holly Roach
clock 20 October 2025 • 5 min read
IHT on pensions pre-55 slammed as 'brutal'

IHT on pensions pre-55 slammed as 'brutal'

HMRC confirms those under minimum pension age will see IHT applied on their pots

Isabel Baxter
clock 12 August 2025 • 2 min read