Royal Mail to cap benefits despite liability transfer

clock

The Royal Mail is planning to cap pensionable pay increases for members of its pension plan as costs escalate and privatisation looms, despite a liability transfer to the government.

The Royal Mail Pension Plan (RMPP), which supports staff for the Royal Mail and the Post Office, is currently in surplus after transferring majority of its scheme assets and liabilities to HM Treas...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Aggregate DB surplus rises by £7.3bn in July

Aggregate DB surplus rises by £7.3bn in July

PPF says funding ratio at highest level since July 2023, as liabilities drop faster than assets

Alex Levy
clock 11 August 2026 • 2 min read
Historical analysis key to DB surplus allocation, says Hymans

Historical analysis key to DB surplus allocation, says Hymans

Analysis of past contribution split can provide an objective basis for negotiations

Alex Levy
clock 06 August 2026 • 3 min read
Schemes urged to stop treating buyout as automatic default

Schemes urged to stop treating buyout as automatic default

SPP report suggests schemes should take ‘objective-led’ approach to endgame planning

Holly Roach
clock 06 August 2026 • 1 min read
Trustpilot