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Now is the winter of our pension discontent, warns TUC chief Monks

TUC general secretary John Monks is predicting more industrial strife over pensions in the coming months and says he would support anybody who takes militant action on the issue.

Referring to the two recent one-day strikes by the ISTC union representing workers at the Caparo Steel Group, Monks says he can see more such action taking place as employers continue to bail out of occupational pension schemes.

Speaking a week before the TUC&#39s Annual Congress in Blackpool, Monks says pensions must be brought to centre stage of Government policy before the situation deteriorates further.

He blames employers for not contributing to employees&#39 schemes, and reiterates the TUC&#39s call for the Government to compel employers to contribute.

Monks also says he rejects Ron Sandler&#39s proposals for simple products sold off the shelf, saying without advice or some other form of incentive, consumers will not buy them.

He says: “I am very militant about pensions, if someone is out there protesting about pensions, then I will be right there supporting them. There has already been action taken over pensions. This is a sign of more to come and I would support it.”


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Manor Park bond grows capital protection choice

Guaranteed investment specialist Manor Park has established three guaranteed growth bonds which are linked to the performance of the FTSE 100 index. One of these bonds is the Manor Park guaranteed UK selected growth fund, which has a three-year term. It allows investors to choose the level of capital protection they want and the returns […]

Manor Park – Guaranteed UK Capital Growth Fund

Monday, 2 September 2002 Type: Guaranteed growth bond Aim: Growth linked to the FTSE 100 index Minimum investment: Lump sum £5,000 Place of registration: Guernsey Investment split: 100% linked to the FTSE 100 Guarantee: Choice of between 85 &#45 110% of capital returned in full at end of five year term regardless of movement of […]

Britannic Group appoints new MD

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