A union proposal for Royal Mail to create a risk sharing scheme has brought back the idea of defined ambition. Stephanie Baxter looks at how it would work and if it could set a blueprint for others
This week's top stories include coverage of a proposal to merge Royal Mail defined benefit and defined contribution members into a risk-sharing scheme.
The Communication Workers Union (CWU) is calling on Royal Mail to merge its defined benefit (DB) and defined contribution (DC) members into a risk sharing pension scheme.
Royal Mail has started a formal consultation process on closing its "unaffordable" defined benefit (DB) scheme to future accrual from April 2018.