PPRuNe Forums - View Single Post - BA/bmi merger (was Virgin & Balpa - bmi next ?)
Old 11th Jun 2012, 15:58
  #541 (permalink)  
FANS
 
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In support of the BPAG BALPA has;

1. Engaged a top legal firm to pressure test the decisions of the Regulator.

2. Held a meeting with the Regulator. We are not at liberty to divulge the contents of that meeting, yet.

3. Written to Lufthansa who has expressed surprise that their proposed agreement was rejected by the UK Authorities; but have done nothing to improve the position so as to address the Regulator’s concerns.

4. Written to the Pension Minister seeking a meeting (click). He has not taken up the offer arguing it is for the Regulator to act (click)

5. Written to the Dame Anne Begg who chairs the Work and Pensions Select Committee. Dame Anne has said she will raise the matter with Bill Galvin (the Regulator) and Alan Rubenstein (CEO of the PPF)

6. Sought support from the TUC to make the current plight of bmi employees and pensioners a priority and to highlight the way this could affect all pension funds.

7. Written to BA who have bought bmi, but have managed to side-step its pension liability.

8. Engaged actuarial support to advise on the £84 million “top up” proposed by Lufthansa, which is wholly inadequate
BALPA is trying to resuscitate the patient after it's been buried.

Why on earth it wasn't doing many of these actions beforehand and jumping up and down about it then is beyond me.
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