The TUC has urged firms to disclose both pay and pensions details of both directors and employees to investors.
New Shareholder Voting and Engagement guidelines proposed by the TUC call for any difference in pension arrangements between the boardroom and company employees to be made public.
The guidelines fall in line with a drive by the TUC to provide workers with as stronger voice and will be issued out to its 1,000 network of pension fund trustees and all FTSE 100 companies.
TUC general secretary, Brendan Barber says: “As unions and their members develop their voice as investors, it is important to have a clear statement of our views on important issues for shareholders such as executive pay, board structure and corporate social responsibility.”
He adds that Past TUC research has also exposed two-tier pensions within firms with some directors on better terms than their employees.
Meanwhile, Unison general secretary, Dave Prentis has criticised proposals to raise the NHS pension age from 60 to 65, saying that the union would fight the issue to its conclusion.
Prentis said: "To suggest that NHS workers should be forced to work until they are 65 is living in cloud cuckoo land. 73% of paramedics are forced to retire through ill health before they reach the age of 60, let alone carry on until they are 65."
He said that by forcing staff to increase their working lives would lead to an increase in the level of ill-health retirements and would result in more costs for the NHS, while also putting patients at risk.
According to Unison, the government's proposals set for announcement today will also see pensions based on average pay during a worker's career and not final salary - another change the union says it will combat.
Prentis says: “MPs who will retire at the next election with a five-star pension package are plotting to make NHS staff work longer for less pension. No wonder trust is at rock bottom.IFAonline
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