Royal Mail reduces pension cap to avoid strike as CWU ballot continues

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The Royal Mail has offered its scheme members an improved deal in pension scheme negotiations as the company looks to avoid strike action before its floatation on the stock market.

The postal firm originally told members of the Royal Mail Pension Plan (RMPP) that pensionable pay increases would be limited to the retail prices index (RPI) up to 5%, regardless of actual pay ris...

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