Gov't tries to limit pension compensation

Two trade unions, Amicus and Community, presented a test case to the European Courts of Justice on 1 June on behalf of 1,000 Allied Steel and Wire (ASW) workers who lost their pensions when the firm wound up. The barristers on behalf of the unions ad workers, argued pensions legislation in the UK is in breach of Article 8 of the 1982 Insolvency Directive which says “necessary measures” should be taken to “protect the interests of employees and of persons having already left” the employer when it becomes insolvent, including the “immediate or prospective entitlement to old-age benefits”. ...