Pressures from rising pension costs have been partly blamed for slashing Royal Mail's profits.
The firm announced profits of £233m for 2006-07, a third down on the previous financial year, but in line with expectations. Royal Mail said it now had key modernisation plans in place to arrest its profit...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.