The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) has ended its first full-year with a £9m actuarial surplus, the company says.
As at 31 March, the scheme had £402m of assets and £393m of liabilities, based on a nominal discount rate of 2.2% and an assumption of 3.2% for the Retail Prices Index (RPI). The scheme was intr...
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