Govt delivers £50m in free shares to Royal Mail staff

clock

Royal Mail employees will receive a further £50m worth of free shares - equivalent to an additional 1% ownership stake in the company.

The decision was made by business secretary Sajid Javid and will again require staff to hold the shares for three years before they are able to access them. Writing to the accounting officer confirming...

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

PPF chief customer officer Sara Protheroe

'They know they're safe': How the PPF supports members

James Phillips speaks to Sara Protheroe about making a PPF transition a positive experience

James Phillips
clock 03 December 2021 • 12 min read
PPF member Brian Bower

How the PPF supported me to start my own business

Ex-Woolworths employee, now businessman, Brian Bower, tells PP about his PPF experience

James Phillips
clock 03 December 2021 • 6 min read
DB funding - November 2021: Omicron and inflation woes

DB funding - November 2021: Omicron and inflation woes

FTSE 350 schemes see a 70bp drop in their funding levels, says Mercer

James Phillips
clock 02 December 2021 • 3 min read
Trustpilot