Looking for employment advice here.
>
>Situation:
>
>Mother's friend's husband (bit convoluted, sorry) works in an import/export
>department of a medium sized company. His job involves a huge amount of
>travel (US and far East mostly) and his pay reflects this with a load of
>overtime, travelling time, bonuses etc.
>He is going to retire in late 2008 on a final salary pension.
>He has been told that from Feb he is to be based 100% in the UK, this will
>severely reduce his income in the final two years of his working life.
>Co-incidentally the same 2 years that his final salary is averaged over to
>determine his pension.
>
>His HR dept call this a 'retirement wind-down' to allow him to repare for
>retirement. He reckons it is designed to hack his pension by almost a third
>by reducing his final years of income.
>Nobody else he knows of in the company has been given a wind-down like this. >
>He is not a member of a union and has decided to consult a lawyer, he asked
>me to post the question here to get some preliminary advice.
>
>Thanks
>
>Andy
>
Crossposted to uk.finance.
I've no idea whether they can get away with this.
Consider solicitors with financial advice training , search on the list of awards for lawyers involved in pensions work -
The ACAS helpline might be a good place to start. Link on my webpage
Daytona