Pensions

Superannuation is probably the most complex area that Prospect representatives handle on behalf of members.

Our members are covered by around 100 different pension schemes, many of them in the private sector.

We represent their interests in a number of ways:

• providing advice on specific queries through a network of trained pension representatives
• encouraging reps to become member-nominated trustees of their pension scheme
• providing training and regular briefings for pension reps and trustees
• taking a leading role in helping members negotiate improvements to their pension schemes
• obtaining independent actuarial advice on changes which employers propose to their pension schemes
• producing regular guides on the benefits of the bigger schemes covering our members
• helping members who leave the public sector following privatisation or contracting out. We have been directly involved in the establishment of new private sector pension schemes for those members, ensuring that the range of benefits is broadly comparable to their previous scheme.

We have an excellent record in dealing with members' pension rights, from:

• resolving problems relating to the late payment of pension benefits
• advising on the detailed application of their scheme's rules
• helping members present cases to the Pensions Ombudsman
• negotiating major improvements to their pension schemes.