The Royal Mail's £10.3bn pensions deficit will be taken on by the tax-payer next spring as legislation to privatise the service is expected to become law next week.
The measures are in the Postal Services Bill which is waiting for royal assent after the House of Commons yesterday accepted amendments proposed in the Lords - including three relating to the pension fund...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter