Royal Mail confirms DB scheme will shut to future accrual as costs set to soar

James Phillips
clock • 3 min read

Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.

The plan was first announced in August 2016 but it is now almost set in stone, pending trustee approval, following a two-month consultation process and a formal pension review. The current plan ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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