Jane Slatter

MPS SPEAK OUT ABOUT UNFAIR TREATMENT OF PENSIONERS IN DEFINED BENEFIT SCHEMES

In a recent House of Commons debate on private pensions schemes, Alistair Carmichael, MP for the Shetlands and the Orkneys, criticised some major employers in the UK for failing to pay their pensioners discretionary inflationary increases for their pre-1997 service. Carmichael, whose constituency includes companies such as BP, Shell and Exxon, delivered an eloquent and […]

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PRG News Bulletin III – Apr 2024

PRG News Bulletin III – Apr 2024 Older RPS and SPS pensioners can breathe a small sigh of relief after their 2.5%  annual cost of living increase agreement was extended for another three years to 2027. The deal between the RPF/SPS trustees and the London Stock Exchange Group (LSEG) was announced on April 18 following

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Letter to MPs – Pensions Earned Pre-1997 – fair annual cost of living increases for pensioners are needed

Dear XXXXXX                   Date  MP for XXXXXXXXXXXXX I write to seek your support for our campaign to achieve fair annual cost of living increases for elderly pensioners whose incomes are hugely impacted by inflation. These are the thousands of members of UK defined benefit (DB) company pension schemes

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Reply to PRG on behalf of the Minister for Work and Pensions

From: Ministerial Correspondence, Caxton House, Tothill Street, LONDON SW1H 9DA www.dwp.gov.uk  ministers@dwp.gov.uk  Our Ref: TO2024/12322 19 February 2024 Dear Ms Dean, Thank you for your email of 9 February to the Minister for Pensions about the Reuters Pension Scheme. Government Ministers receive a large volume of correspondence and they are unable to reply personally on

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Pensions Industry Split Over Priority for Defined Benefit Surpluses – Sponsors or Members – LCP Sep 2023

Divisions in the pensions industry over whom should benefit from DB pension schemes surpluses became apparent during a webinar organised by consultants LCP,  the latter said in a statement. By a narrow margin, the largest group of the 200 participants (37.5%) felt  companies who had set up a scheme in the first place and provided most

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DB sponsors could access up to £50 billion under Mansion House pension reforms – Barnet-Waddingham 21 Aug

Proposals for reforming Defined Benefit pension schemes, set out by the Chancellor in his July Mansion House speech could see DB FTSE 350 schemes access up to £50 billion, an analysis by Barnett Waddingham suggests. It notes that the DWP has called for evidence that covers various alternative approaches to DB scheme funding. “One of

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