I have joined with MPs on a cross-party basis calling on the UK Government to redress the balance within the Mineworkers’ Pension Scheme. When the scheme was first established it was decided that any yield from the scheme would be split 50/50 between mineworkers and the UK Government.

When British Coal was privatised in 1994, an arrangement was made between the then Government and the trustees of the British Coal pension schemes – the Mineworkers Pension Scheme (MPS) and the British Coal Staff Superannuation Scheme (BCSS) – on their future arrangements.

It was agreed that: Read more “Mineworkers’ Pension Scheme – redressing the balance”