Royal Mail plans to close DB to future accrual

James Phillips
clock • 1 min read

Royal Mail's defined benefit (DB) scheme could be closed to future accrual after its contributions are set to more than double from 2018.

A deterioration in financial market conditions, particularly following the Brexit vote, means the cost of running the pension fund would increase to over £900m. The scheme is now said to be disc...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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