Friday, June 29, 2007

Engaged Investor Awards 2007 (and possible pension industrial dispute)


First “pension” awards ceremony I have ever been to and I really enjoyed it. A sign of age maybe, but I now tend to know a few people at such events which makes a difference. There was no “hard sell “by sponsors either.
It was held on the “Silver Barracuda”, Savoy Pier, a London Thames restaurant ship.

Everything seemed to go off smoothly despite the bombs found early on that morning in central London. It did pour down with rain at the start and I got soaked walking to the ship from Temple underground.

Picture of top UNISON Pension trustee and national treasure, Stan Edwards ,(above right National Grid Pension scheme) who was judging in the award. Also, next picture (below left) is of Pete Davis from the Prudential who is on the national (TUC nominated) Pension Trustee panel. They meet up on a regular basis with the Pensions minister (who we are still waiting to be announced due to the reshuffle). Next year we ought to organise trustees to make nominations to such awards.

On my table I sat with Peter Vercoe who is a trustee with Carnaud Metal Box group. He won the runner up award for Trustee of the Year. There were also two members of staff from the Pensions Trust who were very pleasant and knowledgeable. Even though I did upset them somewhat about my dismay over the Social Housing Pension Fund (SHPS - which is part of their group).


I am holding a meeting next week with UNISON members of a housing association where they are trying to replace the SHPS 1/60th final pension scheme with a vastly inferior CARE (career average) scheme. Trouble at Mill – I am certain that my members will not be happy with accepting what amounts in the long run as a massive cut in their terms and conditions. Watch this space.



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