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 introduced...
Jonathan Stapleton talks to Alan Pickering about why BESTrustees has converted into an employee ownership trust.
Trustees don't usually think about financial sanctions. But Edward Brown says they should be aware of the issue and take steps to minimise risks.
The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports
BESTrustees has converted into an employee ownership trust (EOT) in a bid to broaden the ownership of the business.