Royal Mail

Unite members in the Royal Mail Pension Plan (RMPP) have narrowly rejected the company's proposal to set up a 'cash balance' scheme when the plan closes to accrual next year.

Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.

The Pensions and Lifetime Savings Association (PLSA) has announced the new chairs for its defined benefit (DB) and defined contribution (DC) councils, effective from October.

This week's top stories include work and pensions committee chairman Frank Field telling PP that more needs to be done to consolidate defined contribution pots.

Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.

The combined accounting surplus of Royal Mail's two defined benefit (DB) pension plans grew by 12% in the year to 26 March 2017, the company's annual report has revealed.

With one in eight DB schemes still open to new members, Michael Klimes explores the argument that they should be run differently from closed ones

Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.

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

Stephanie Baxter says the CWU's proposal for a risk sharing scheme at Royal Mail is a breath of fresh air at a time when there are growing concerns about DC.