Tag Archives: CWU
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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No shortage of “pension engagement” at Royal Mail.
Pension people want positive engagement, but when they get it, they ignore it or deride it. On Friday, the CWU announced that an agreement had been reached between CWU and Royal Mail which will now be put to the membership. … Continue reading
Posted in CDC, pensions
Tagged CWU, ft, jo cumbo, pensions, Royal Mail, Terry Pullinger, 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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Pension = Wage for life
Sloppy journalism confusing readers. A quick scan of the Daily Telegraph’s Money Pages leaves me hopeless at its hapless reporting of pensions. Somebody should sit down with the whole personal finance team and read them the riot act. Take Mike … Continue reading
Posted in actuaries, advice gap, pensions
Tagged CWU, dumbing down, pension, Philip Hammond, public sector, Salary, Wage for life
4 Comments
A wage in retirement or freedom from pensions?
Yesterday I wrote about one aspect of the dispute between Royal Mail and its workers – the difference in opinion between the two sides on how postal workers are financially supported in retirement. It appears very simple; Royal Mail want to … Continue reading
Posted in pensions
Tagged CDC, CWU, pension, pension scheme, pensions, Retirement, Royal Mail
2 Comments
Pension Risk Sharing – they’re all at it but us!
Japanese CDC is coming @JohnRalfe1 @markjrowlinson @WillJAitken @henryhtapper https://t.co/e9D2UClhBR — Sam Pickford (@pickfos) June 2, 2017 Oh dear! News that the Japanese have gone all defined ambition did not go down well. Infact it went down like Japanese Knotweed at … Continue reading
Posted in actuaries, advice gap, pensions
Tagged BSPS, CDC, CWU, Defined Ambition, pension, pensions, risk sharing, Ros Altmann, Royal Mail, tata
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Royal Mail’s pension; kick out the experts
A wage in retirement – not a dump of cash At the back end of last week, Royal Mail rejected the CWU’s proposal to establish a new defined benefit scheme designed to keep posties accruing a pension based on career … Continue reading
Posted in pensions
Tagged actuaries, Cash balance, CWU, experts, Living wage, pensions, Posties, Royal Mail, Wage in retirement
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A time to be angry
I got angry yesterday… I was on a conference call with a couple of lawyers arguing about the technical difference between a “duty of care” and the need to “act in good faith”. Apparently the semantics let an employer … Continue reading
Posted in pensions
Tagged CWU, Duty of Care, John Ralfe, lawyers, pensions, Pre-pack, Royal Mail, Rutland, The Pensions Regulator
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The CWU pension proposals – your questions answered.
Yesterday’s article got a lot of interest and a number of people have asked for the technical details behind the CWU’s headlines; but first the headlines! All 130,000 Royal Mail staff could have access to DB accrual going forward Members … Continue reading