The restructure of the Royal Mail pension plan is essential to address its £8.4bn "huge and volatile" deficit but member protection remains "paramount", the government says.
Speaking during a House of Lords debate Conservative peer Lord De Mauley said Royal Mail's pension burden had become "completely out of proportion to the size of the business". The deficit will ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date