ROYAL AND SUN ALLIANCE PENSION ARRANGEMENTS

Motion Text

That this House notes the transfer of 1800 members of staff of Royal and Sun Alliance to UNISYS Insurance Services Limited; notes, however with concern that employees who choose to transfer from their current pension scheme to the new UNISYS scheme are offered a transfer value of only 1:0.75; deplores this offer; and calls upon Royal and Sun Alliance and UNISYS to offer a 1:1 transfer value.