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TUC: Pensions bill shows our influence

The TUC has welcomed today&#39s pensions bill as addressing many of the measures it has been fighting for.

TUC general secretary Brendan says the TUC specifically welcomes the creation of the pension protection fund and a new pensions regulator.

But he says employees who have already lost out should not be forgotten, especially those that were contractually required to join occupational pensions and were made a “specific pensions promise” by their scheme.

Barber says: “Radical action, including compulsion, is needed to solve Britain&#39s growing pensions crisis, but that will wait until the Pensions Commission has completed its work.

“Also, the TUC welcomes the requirement that member representatives make up at least a third of a pension trustees board, although we are concerned about the transparency of the appointments procedure.”

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