Labour Court recommends £750 settlement in Norwich Union pension dispute

In 1997, the Labour Court found no basis to concede a pension recalculation claim by a worker at Norwich Union, but recommended the company offer £750 in full and final settlement. The worker’s union, Manufacturing, Science, Finance, sought a calculation including commission earnings over the worker’s full service. The Court found the pension had been calculated under the scheme’s terms, which used commission earnings from the three years before retirement. The £750 recommendation was exceptional and had no precedent value. It was dated 5 December 1997.