A statement from John Hamilton , Pension Scheme Chair at Stagecoach. A statement to a wider audience than the “pensions industry”

This is the text of the document that John is socialising.

Beyond the pension industry

There has been a call from Bryn Davies (Lord Davies of Brixton) on this blog for greater detail of what improvements the members will get.

I hope that the unions will delight in the details starting with this statement from the Stagecoach Trustees.  I hope they will see an opportunity to press for further deals that benefit working people.

I hope that “members” will in time include staff looking forward to pensions from DC and CDC and that those pensions will be improved by the actions of Trustees adopting a positive position on the growth of pensions we have seen here.

No growth <—> No pensions

I take this formula from a recent comment by John Hamilton

In a week when the Pensions Regulator has issued a statement on the need for investment,  the formula sounds a cry for change.

This message must get beyond the pension industry and I hope that the unions , lead by Lord Davies and others like John Hamilton , will bring pressure to bear, to keep the message ringing around Whitehall and well beyond!