Public sector pension boards will have equal representation of employers and members in future following pressure from Liberal Democrat Lords.
The House of Lords has passed an amendment to the Public Service Pensions Bill, currently going through Parliament, which will ensure equal numbers of both on all boards.
The move is a major Government concession and was pushed in the Lords by Lib Dem peer Lord Sharkey.
Lord Sharkey told the Lords: “With the amendments now before us, I think that the Government have taken a realistic and fair view of member representation.
“The equality of employer and employee representatives on pension boards is an entirely satisfactory resolution to the problems that we outlined earlier.
“Equality of representation is very simple and clear and completely unambiguous.”
Published and promoted by Tim Gordon on behalf of the Liberal Democrats, both at LDHQ, 8-10 Great George Street, London, SW1P 3AE.