Day: December 22, 2024

Hewlett Packard, American Express and Pfizer among firms to have frozen increases in payouts despite inflation

Some of the world’s richest companies are accused of exploiting a loophole in pension law to freeze increases in payouts for many former UK employees, despite the cost of living crisis.

The companies, which include Hewlett Packard Enterprise (HPE), American Express and Pfizer, are being urged to “do the right thing” and increase these frozen pension payouts in line with inflation. MPs have condemned the failure of companies to increase the payments in the face of high inflation in recent years as “heartless” and “unethical”. Continue reading…
http://dlvr.it/TGxSnt

Residents of a blighted London block have been trapped in their homes by a swirl of events, as government attempts to reform the law drag on

For many of the residents of Mar House, the past year has been spent in perpetual twilight.

The seven-­storey block in Colindale, north London, is cloaked in blue netting and scaffolding that shroud its rooms in shadow in the middle of the day. The netting is for work to replace the building’s flammable Grenfell-style cladding and wooden balconies. Continue reading…
http://dlvr.it/TGxSn6