TUC attacks employers on pensions 'broken promises'

Brendan Barber, TUC general secretary, speaking at the CBI pensions conference says while the retreat from good occupational schemes has recently increased, the employer commitment to these schemes has been on the decline for some time. Barber says employers have argued in the past since they shouldered the investment risk in final salary schemes, they should have control of the surplus. In recent years there have been high profile court cases between employers and members for control of that surplus, as scheme members argued the surplus was effectively their money and part of the empl...