The area of pensions, contributions and annuities has increasingly become a
mainstream media focus in the UK. While many pension provisions in the private
sector have been eroded over the years, the 2008 financial crisis ratcheted up
This was with the coalition government's attempt at trying to tackle the
deficient via constraints on the public sector. These are more highly unionised
areas and where the deferred remuneration of a 'good' pension was part of the
agreed bargain in terms and conditions.
With this in mind, Dr Carol Royal, Visiting Fellow at Cass Business School, and
Professor Chris Rowley suggest that superannuation is an industrial relations
issue, and it should not be separated from wage negotiations.
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