Category Archives: Royal Mail
CDC – a new type of pension provision coming to the UK
On Wednesday (October 8th), CDC will be debated in the house of commons and with a fair wind, legislation enabling employers and multi-employer master trusts to provide DB like benefits for defined contributions will be enacted by the end of … Continue reading
Posted in CDC, pensions, Royal Mail
Tagged CDC, first actuarial, Hilary Salt, Pension schemes Act, Royal Mail, Simon Eagle, WTW
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Absolutely true (as I visited the Royal Mail)
How the Royal Mail pension schemes are run Whether it be through its Final Salary Scheme (RMPP), the interim Cash Balance arrangement or its DC trust, Royal Mail Pension Trustees have consistently over-delivered to their organisation and the members … Continue reading
Posted in CDC, pensions, Royal Mail
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Why are university staff going on strike?
My son has started sending me the announcements he’s been getting from his University about impending strike. He’s at one of two Universities who have been leading the charge amongst employers calling for an end to DB accrual in … Continue reading
Posted in pensions, Royal Mail, USS
Tagged pensions, Royal Mail, Stuart Croft, UCU, USS, UUK, Warwick
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If I was Theresa May….
I can understand Theresa May’s frustrations, I am a member of her party and have witnessed her “annus calamitous” up close and personal. I am a fan of May’s, an endangered species, but I prefer her to alternative models As … Continue reading
Posted in CDC, pensions, Royal Mail
Tagged CDC, pensions, Royal Mail, Technology, Theresa May
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Pensions: universities could learn lessons from Royal Mail
David Pitt-Watson and Hari Mann believe there could be a way to settle the ongoing pensions row amicably University employers and university staff are locked in a dispute about pensions. Both have reasonable positions. The employers say that the cost … Continue reading
Posted in pensions, Royal Mail, USS
Tagged CWU, pensions, Royal Mail, trade unions, UCU, USS
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Terry Pullinger on progress towards a Royal Mail CDC scheme
This video talks of the intent of the CWU to reach an agreement with Royal Mail. “I believe we are on the verge of something very very special”
A pension settlement needs general agreement.
I spent most of this cold dark weekend putting together a submission to the FCA on what we know is happening to millions of pounds of money that has been disinvested from the British Steel Pension Scheme and reinvested through … Continue reading
Posted in BSPS, Pension Freedoms, pensions, Royal Mail
Tagged BSPS, CWU, first actuarial, Royal Mail, USS
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Taxpayer subsidy for public service pensions to double over 6 years
This is an article from Michael Johnson. I agree with the numbers but I’m not so sure about the sentiment that lies behind it. As a nation we can afford anything if we chose to prioritise the spending and we … Continue reading
Why we mustn’t let the Royal Mail “pension solution” become a precedent
In Pension Age’s May edition, Paddy Briggs argued that the member’s best interests were not being served by the Government’s “sequestration” of the assets of the Royal Mail’s pension fund. Roger Turner produced a cogent riposte in your July/August issue … Continue reading