Royal Mail scheme surplus rises 88% to £3.2bn

Stephanie Baxter
clock

The Royal Mail Pension Plan's (RMPP) surplus has risen by £1.5bn in 12 months, according to the postal service's annual report.

The scheme had a surplus of £3.2bn at 29 March under the IAS 19 accounting standard compared with £1.7bn in March 2014 and £2.1bn as of 28 September 2014.  Royal Mail said the increase was large...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

WPC publishes report into defined benefit pension schemes

WPC publishes report into defined benefit pension schemes

MPs comment on funding regime, surplus extraction and consolidation approaches

Jasmine Urquhart
clock 26 March 2024 • 6 min read
Half of DB schemes to move to corporate sole trustee model by 2028

Half of DB schemes to move to corporate sole trustee model by 2028

Hymans Robertson says schemes see model as providing time and cost savings

Jasmine Urquhart
clock 22 March 2024 • 1 min read
Industry backs calls for 'further reflection' on DB statements of strategy

Industry backs calls for 'further reflection' on DB statements of strategy

Buzz survey finds nearly three-quarters of respondents support further reflection by TPR

Martin Richmond
clock 20 March 2024 • 2 min read
Trustpilot