M&G Prudential & Enterprise IT (Formerly PGDS) Pay Ballot 2019

Friday, January 18th, 2019

As you are aware we submitted our pay claim to the Company in November last year.  We asked for an across the board increase and for the Minimum Full Time Equivalent Income to be set at the rate of the London Living Wage.

Following negotiations the Company have now proposed the following offer:-

• Pay pot of 3% – with a commitment to conduct an additional review to ensure that DB and DC members are treated consistently prior to salary increases being approved.
• Minimum FTE Income for London & Reading based employees to be £19,201 (equivalent of the London Living Wage).
• Minimum FTE Income for non-London & Reading based employees to be £16,380 (equivalent to the national Living Wage).

It is now up to you, the members, to decide whether you want to accept or reject the Company’s offer but based on your responses to our pay survey, we would recommend acceptance.

All members in the M&G Prudential and Enterprise IT business units should have received an email with voting buttons. Please click on the Vote box in the respond group at the top of that email (next to where you normally click reply) and select whether you want to accept the offer or reject it.  The ballot is open until 12 midday on Thursday 31^st January. If you have not received the email please contact unite@prudential.co.uk

Thank you for your support.

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