Royal Mail increased its defined contribution (DC) pension payments to £38m in the last year - an average of 5.4% per employee.
The figure is up just over 50% from £25m in 2013-14. The postal delivery service also noted that it had set a mitigating plan in place to deal with fallout from the employment appeal tribunal's ...
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