Labour Research October 2016


ITV pensions

ITV unions BECTU, the NUJ and Unite have reacted angrily to the TV channel’s plans to close its defined benefits pension scheme to future accruals.

In a letter to Kanon Chalcraft, secretary to the ITV Pension Scheme trustees, BECTU’s supervisory official, Gerry Carr, said: “Many [staff] will be concerned that their retirement plans are at risk of being ruined by the company’s proposals.”

The unions are seeking a meeting with the pension trustees having held a first and “disappointing” meeting with management in September.

The company’s proposals were released to staff and unions in July, just days ahead of confirmation that company profits had risen by 9% to £425 million in the first half of 2016.

The unions are now consulting their members, and staff generally.