If you work for the Financial Conduct Authority then some parts of their “offer” involve changes to your employment contract.
The dependant’s pension falls into this category, and Unite at the FCA believe that the Bupa excess may do so as well (we are taking legal advice on this).
An employment contract cannot be changed without the employee’s consent. The FCA seems to be preparing to argue that employees will be taken to give implied consent if they do not actively object to what is being done.
After consultation with members, Unite at the FCA have decided to recommend that colleagues send the following note of objection to their line manager and to employmentoffer@fca.org.uk :
I refer to the benefit changes outlined in the sections entitled “Private Medical Insurance” and “Dependants’ pension” on page 14 of the document entitled “Our new employment offer” which the FCA published on 1 March 2022. I believe that these changes would require variations to my contract of employment. I wish to make clear that I do not agree to any such variations to my contract, and that nothing in my conduct should be taken as indicating such agreement. I would be prepared to reconsider this stance if the current industrial dispute is resolved successfully.
We recommend that colleagues send it at some point before 1 June.
