September 14, 2016

Pitmans argues government plans to scrap changes in pension law undermines future of the BSPS

Government’s plan to scrap proposed pensions law changes affecting the British Steel Pension Scheme is “short-sighted, unhelpful and not with the best outcome for members in mind”.

Pitmans Unions expert advisers Julian Richards and Jonathan Gray attended the 148th annual TUC Congress this week.

Since 1868, union delegates have met at the annual Congress to debate ways of addressing workplace issues.

One key debate at this year’s Congress was the future of the steel industry as members promoted the Save our Steel campaign and called for an industrial strategy to protect the future of steel making in the UK.

Pitmans are advising the trade union Community on the issues facing the British Steel Pension Scheme, and Julian supported discussions surrounding its future. Delegates deliberated the Government’s likely decision to rule out pensions law changes that would’ve reduced the deficit by £2.5bn. Julian called the likely rejection of the proposals “short-sighted, unhelpful and not with the best outcome for members in mind.” Julian continued to say that “some creative thinking is needed by the employer and Government to properly safeguard the rights of the 130,000 Scheme members.”

Both Julian Richards and Jonathan Gray have 15 years’ in-house Unions experience. Julian, Unions Pensions Director at Pitmans, was the previous Head of Pensions at Amicus (now Unite), and Jonathan, Pitmans Employment Partner, has worked with GMB, Unite and Unison, advising on employment related legal issues.

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