Defined Benefit  

Union urges govt to reconsider ending final salary scheme

The government added that a lack of parliamentary time had meant that now presented the first opportunity for the changes, which take place years after agreement with unions. 

Members of Prospect and the other recognised trade unions voted in favour of the reforms in 2017, because they believed that “a negotiated outcome was in the best interests of all stakeholders”, Ferns continued.

"However, the significant delay in implementing the agreement means that the context is now very different,” she said. 

“The government must look at whether there are better ways of achieving its aims without imposing further reductions in take-home pay when members are experiencing a cost-of-living crisis.”

The BEIS declined to comment on Prospect’s appeal or the possibility of the new legislation being halted.

Alex Janiaud is deputy editor at Pensions Expert, FTAdviser's sister publication