Royal Mail

Royal Mail says Arrival electric vehicles will be worth the waitMotor Transport (blog)In August last year, Royal Mail began trialling a new type of electric vehicle, built by technology firm Arrival, in London. The 6-tonne van, the first of nine the postal operator will be putting through their paces in …

FT Adviser Royal Mail to shut defined benefit pensionFT AdviserThe Pension Schemes Act 2015 created by the coalition government defined CDC as a distinct pension category, but secondary legislation to bring them into effect was never introduced. According to the Communication Workers Union (CWU), which represents … More: continued here

Royal Mail and union reach agreementReutersFeb 1 (Reuters) – Britain's Royal Mail and the Communications Workers Union (CWU) said on Thursday they reached an agreement, ending a nearly ten-month long dispute over plans to replace the firm's defined benefit pension scheme. Royal Mail reached an … More: continued here

Royal Mail and CWU reaffirm commitment to CDCPensions ExpertThe agreement includes the closure of the Royal Mail Pension Plan, a defined benefit scheme, to accrual on March 31 this year. Instead, employer and union will work towards the introduction of a collective defined contribution scheme, with a DB cash … …

Telegraph.co.uk Unions rubber stamp Royal Mail pension deal – The TelegraphTelegraph.co.ukUnion bosses have rubber stamped a deal on pay, pensions and a shorter working week for employees at Royal Mail, ending a long-running dispute. The Communications Workers Union (CWU), which represents 110,000 postal workers, said it had endorsed the …Royal …

Reuters UK Royal Mail, union end ten-month dispute over pensions, shares riseReuters UKRoyal Mail, privatised four years ago, is one of the few big British firms still to have a defined-benefit pension scheme, which pays out a proportion of a member's final salary depending on how long employees have paid …

Royal Mail and union reach agreementYahoo Finance UK(Reuters) – Britain's Royal Mail<RMG.L> and the Communications Workers Union (CWU) said on Thursday they reached an agreement, ending a nearly ten-month long dispute over plans to replace the firm's defined benefit pension scheme. Royal Mail reached … More: continued here

Shares magazine Pensions breakthrough keeps Royal Mail's longest rally in three years runningShares magazineAchieving a pensions breakthrough has helped Royal Mail (RMG) continue its positive momentum with its strongest and longest rally in three years. Investors are relieved that Royal Mail's pension and pay troubles are over for now, effectively …

www.professionaladviser.com Royal Mail closes DB pension scheme after union negotiationswww.professionaladviser.comThe deal, which also covers pay, a shorter working week, culture and operational changes, has also been approved by Royal Mail's board. Under the transitional arrangements until a CDC scheme is established, members of the DB scheme which will close to …

Financial News Royal Mail takes bold step with pension schemeFinancial NewsRoyal Mail takes bold step with pension scheme. Workers will be transferred into one of the UK's first collective defined contributions schemes. Royal Mail takes bold step with pension scheme. Getty Images. By. Elizabeth Pfeuti. February 1, 2018 2:45 p …