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September 12, 2005
TUC calls for actions on pensions crisis
Brendan Barber, the head of the TUC, has called on the government to make employers act on an imminent pension crisis in Britain.
Prior to the TUC’s annual conference in Brighton, Mr Barber said that just one in 10 employees would be in an occupational scheme by 2025.
He said “Voluntarism or even expensive incentives will not work - compulsion must be introduced".
While Mr Barber praised ministers for setting up the Pensions Commission, he said "Only radical solutions can work, and ministers must start preparing the ground now for the big changes that are required".
Mr Barber claimed that 400 top directors in the UK share pension assets of £1 billion.
"The damning evidence that we have published showing just how little boardrooms have shared in pensions sacrifices should mean that they speak with no moral authority on this debate," he said.
Posted by at September 12, 2005 07:32 PM
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