Cameron urges halt to public sector pension strikes

Author: Rachel Dalton
IFAonline | 28 Jun 2011 | 10:15

Categories: Pensions - Retail

Topics: pension reform| | final salary| David Cameron| TUC

Conservative prime minister David Cameron

The prime minister will today wade into the debate over public sector pension reform, urging unions to call off strikes planned for Thursday.

David Cameron is expected to tell the Local Government Association (LGA) conference later today public sector pensions are unfair on taxpayers, the BBC reports.

Up to 750,000 members of the Association of Teachers and Lecturers (ATL), the National Union of Teachers (NUT), the University and College Union (UCU) and the Public and Commercial Services (PCS) union will strike on 30 June.

Thousands of schools are expected to be disrupted, but education secretary Michael Gove faced harsh criticism when he suggested parents should help out in schools to keep them running.

Public sector workers are opposed to proposals to increase employee pension contributions, move from final salary to career average arrangements, and push back pension ages.

Yesterday, the government agreed to consider reforms to the local government pension scheme (LGPS) separately from other public sector schemes as it is funded differently.

More pensions - retail news

Recommended reading

Categories

Topics

Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment

Related articles

Most Read

Audio / Visual

Coffee Lounge

View all the winners here

PPR Structured Product Awards 2011

View all the winners here

This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.

Events

event logo

International Fund & Product Awards 2012

14 Jun 2012 - 14 Jun 2012

London, UK

event logo

British Mortgage Awards 2012

03 Jul 2012 - 03 Jul 2012

London, UK

event logo

Cover Webinars

04 Jul 2012 - 04 Jul 2012

London, UK

Poll

Have you seen a decline in demand for SIPPs as a result of the proposed erosion on pension tax relief for those earning £150,000 or more?

In Focus

Viewpoints