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TUC to defend pension cuts

The TUC says it will fight pension cuts in companies that can afford to fund deficits, have taken contribution holidays or who allow directors to continue with the same benefits.
In response to the recent closure of Rentokil’s final salary scheme to future accrual for current staff, as well as proposed scheme changes at Co-op and Arcadia, TUC general secretary Brendan Barber says he will defend his members rights.
Barber says: The death of salary related pensions is much exaggerated, and unions have a proud record in defending and extending pension rights.


Just 3 per cent bought CI cover off the shelf but direct threat looms

Only 3 per cent of consumers are buying critical-illness policies off the shelf but providers are still concerned that direct sales are a growing threat. Skandia says although the 3 per cent reflects intermediaries’ domination as the distribution channel for protection products, the direct market share could rise to a quarter as high-street banks and […]

Flight to join Guernsey Financial Services Commission

Guernsey’s Parliament has elected Howard Flight, Rosemary Radcliffe and Susie Farnon to its Financial Services Commission.The States of Guernsey has appointed the three financial services experts to its regulatory body. They will together work to ensure international regulatory standards are met.Flight is a former Conservative MP and a director at Investec Asset Management. Farnon is […]


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