Tag Archives: Royal Mail

A wage in retirement or freedom from pensions?

Posted on July 15, 2017 by

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 , , , , , , | 2 Comments

Postmen want to strike – is it any wonder?

Posted on July 14, 2017 by

Maybe it’s because they’ve been reading the FCA’s report on Retirement Outcomes. Maybe the FCA have been talking with them. Either way, the 140,000 postal workers in the Royal Mail scheme don’t want a pension when they pack up their … Continue reading →

Posted in advice gap, pensions | Tagged , , , | 1 Comment

Pension Risk Sharing – they’re all at it but us!

Posted on June 3, 2017 by

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 →

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Royal Mail’s pension; kick out the experts

Posted on May 2, 2017 by

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 →

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A time to be angry

Posted on April 14, 2017 by

  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 →

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The CWU pension proposals – your questions answered.

Posted on March 17, 2017 by

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 →

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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail

Posted on March 16, 2017 by

For the third day I am returning to the CWU’s proposals to the Royal Mail which I now consider the most important break through in pension scheme design we have seen in Britain this century. I base this on three … Continue reading →

Posted in actuaries, advice gap, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, pensions | Tagged , , , , , , , , , , , | Leave a comment

Is there really a “fail” at the Royal Mail?

Posted on January 6, 2017 by

  The Royal Mail is consulting with its staff on closing its final salary scheme to future accrual. This is a public consultation, the Royal Mail are putting it to their staff that an increase of pension contributions to 50% … Continue reading →

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Facing up to mental health

Posted on June 15, 2015 by

This article’s by our friends at Lockton. It’s on an important subject that impacts us all! I’m really pleased they’ve asked me to put it on this blog. It doesn’t surprise me that Nigel Wilson is pioneering work on this. Like … Continue reading →

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The sins of the past

Posted on April 22, 2013 by

We have concentrated our thinking on how the financial services industry will cope with the new business strain of auto-enrolment. For many providers the bigger issue will be the impact on its existing business. Continue reading →

Posted in auto-enrolment, customer service, dc pensions, Popcorn Pensions, Retirement | Tagged , , , , , , , | 5 Comments