Tag Archives: Royal Mail
Royal Mail CDC’s giving its first pension pay rise! The TUC should be shouting that out!
I opened this article yesterday and my eyes glazed over! This all sounded very technical and daunting to a person not expert in actuarial valuations. But a few hours later I got this from my postman. He was delighted to … Continue reading
Can we pipe down and let Royal Mail workers get on with building and getting their pension?
If this is the way that Royal Mail allows the message to seep out to its 110,000 members, then “doh”! I hope that it is mad at the FT – as I am. The first six months of its CDC … Continue reading
Retail collective pensions? I fear an opt-out in retirement for CDC.
It is early on a Sunday morning and I have been working on a response to the DWP’s consultancy questions on Retirement CDC. It’s the third part of a project that started with single employer CDC and looks like being … Continue reading
Enjoying doing your drawdown? “Flex and fix” is scary right now.
In a recent talk with the IFS, Paul Todd, COO of Nest, explained that Nest’s long term ambition is to pay pensions without putting at risk the pension. Only the increases payable on pensions in payment might not be paid … Continue reading
Disgraceful reporting of “Royal Mail pension pot”
Fake worries for Royal Mail and its postal workers and pensioners Last week I got a mail along the lines pf the headline above from some journalist and hoped it would not see the light of public distribution. It has … Continue reading
Posted in pensions
Tagged Danish pension, Pensions, PostNord, public pension, Royal Mail
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Is demand for “Royal Mail” style pension deals increasing?
It is interesting that DB is creeping back into debates. I am surprised that there hasn’t been pressure for a more flexible approach to indexation and NPA (normal pension age) to reduce the risk of DRCs (Deficit Reduction Contributions) and … Continue reading
Křetínský’s bid for IDS secures not scuppers Royal Mail’s CDC plan
Those who think that Daniel Křetínský’s bid for his EP Group (Bidco) to take over Royal Mail and stop the CDC scheme had best read the small print of its offer for IDS (Royal Mail’s parent). The RMCPP is the … Continue reading
Posted in pensions
Tagged CDC, CWU, Jon Millidge, pension, pension surplus, Royal Mail, Surplus, Terry Pullinger, Unite
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We want our Royal Mail delivering parcels post and pensions
As the Times pithily puts in “this time the Czech really is in the post”. At a recent CDC event , DWP told us we could expect to see Royal Mail’s CDC scheme in operation this year. After 6 years … Continue reading
“A word in your ear about pensions, Jeremy”
“Jeremy, as your new number two, I’m supposed to be getting my feet under the table right now, but I couldn’t help noticing you have an autumn statement to make next week and since I didn’t get my … Continue reading
Royal Mail cannot miss more of its pension delivery targets
I worry for Royal Mail, I really do. News that it is failing to meet basic targets on the delivery of mail, arrives hot off the press from the BBC, Royal Mail told the BBC its quality of service had … Continue reading