Pensions at risk as M&S outsources security

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