October 29th, 2018

Consultation Update

First of all, thank you to everyone who has given us their thoughts and feedback so far – whether that was in person, by email or at the member’s meeting in Reading. Many of you feel strongly about the proposals and we had a long list of points to present back to the Company at the first of the 5 formal consultation meetings last Thursday.

Please continue to send us feedback throughout the consultation process. DC members should now have received their individual letters showing the impact of the proposals and most DB members will receive their letters in the next few days (or an email to explain when it will be sent, for certain pockets of individuals with more complex calculations needed). We are interested to hear what member’s views are on their letters and on the modeller tool.

Next Steps

For those of you who aren’t based in Reading, we will be holding member’s meetings in other sites on the following dates:

Craigforth: 30th October, 3PM, PGDS Meeting Room 1, Central 2, Ground Floor
Waterhouse Square: 5th November, 11AM, Kee Room

Our next consultation meetings will be on the 6th and the 22nd November. We are aiming to have a counter proposal ready for the 22nd November and will seek member’s views on this before we present this to the Company. Many of you have already provided good ideas on what we can ask for, but please continue to send these as it helps us to shape our counter proposal. We will continue to keep you all updated regularly on our consultations with the business and what Unite is doing to support our members.

As ever, the more members we have, the stronger our collective voice. Please feel free to send a link to this website on to your colleagues and friends who may not be members.

If you have any questions or feedback on the consultation please email unite@prudential.co.uk or speak to your local rep.

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