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Latest News

Pensions at risk as M&S outsources security

by Personnel Today 15 May 2003
by Personnel Today 15 May 2003

Marks
& Spencer is transferring 200 store detectives to Securicor – meaning the
workers will lose their valuable non-contributory final salary pension schemes
as a result.

According
to the Guardian, M&S management told the staff yesterday that they had
signed a deal with security specialist Securicor to outsource the store
detectives’ work.

The
deal will see the staff transferred to the Securicor payroll. Under Tupe
regulations, the workers are entitled to the same terms and conditions of
employment, including pay and shift patterns.

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But
as the rules do not cover pensions, many of the workers will now be transferred
into a money-purchase pension scheme, and will lose out.

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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