STORIES STEEL ‘Shamelessly bamboozled’
British Steel Pension scheme (BSPS) members were ‘shamelessly bamboozled’ by financial advisers, a new government report has found.
Last summer, Tata Steel closed the BSPS scheme to new contributions to give workers more certainty over jobs. Members were given the choice of moving their contributions to the
BLACKLISTING
Pension Protection Fund or a new scheme – both offered reduced but guaranteed pay-outs.
But some members chose a riskier third option, and were left thousands of pounds of pocket, unwittingly signing up to risky funds, hefty adviser and punishing exit fees.
“Regulators need to toughen up when it comes to shutting down irresponsible financial advisers,” said Unite.
“We will continue to support our members who believe they have been ripped off and will keep lobbying government and regulators to ensure such a scandal can never again be allowed to happen.”
Find out more HERE ‘No stone unturned’ in justice fight
In December Unite construction members descended on Parliament for a national day of action to demand justice for blacklisted workers.
Labour MPs joined them, pledging to make the case for a full public inquiry into historic and contemporary blacklisting, which has seen thousands of workers struggle to find work, some for decades, because of trade union activity or for raising health and safety concerns.
Unite is now bringing forward a new legal action, representing 70 blacklisted workers, against four individuals who
RBS Branch closure chaos
After announcing a vast tranche of branch shutdowns in December, RBS backtracked on plans to close 10 branches in Scotland in February.
Unite hailed the campaigning victory but slammed RBS for not going far enough. “We believe that RBS has been forced to offer these concessions because of the
campaign run by Unite and local communities,” said Unite deputy Scottish secretary Mary Alexander. “But if it’s good enough to make these concessions what are the bank prepared to do about the other 52 communities [in Scotland] facing the axe?”
Unite national officer Rob MacGregor
agreed, highlighting that people elsewhere in the UK are being left behind – the bank said it will press on with all 197 planned NatWest closures in England and Wales. “There is simply no justification for the taxpayer-funded bank to continue with their shambolic closure programme in England and Wales,” he said.
were in charge of the Consulting Association, the organisation which put together the blacklist.
“Unite is uncovering fresh cases of contemporary blacklisting which demonstrates why urgent action is needed to end blacklisting once and for all,” said Unite assistant general secretary Gail Cartmail.
“Unite will leave no stone unturned in our fight for justice for blacklisted workers and will use every avenue open to us; be it industrial, political or legal to win justice for our members.”
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Mark Thomas
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